Thursday, March 17, 2022

Dollar General Confident In FY22 Outlook; Sees Challenging Q1

While reporting fourth-quarter results on Thursday, Dollar General Corp. (DG) said, for fiscal 2022, it projects net sales growth of approximately 10%, including an estimated benefit of approximately two percentage points from the 53rd week. The company projects same-store sales growth of approximately 2.5% for the fiscal year. EPS growth is anticipated in the range of approximately 12% to 14%, including an estimated benefit of approximately four percentage points from the 53rd week. The company also reiterated its plans to execute 2,980 real estate projects in fiscal 2022, including 1,110 new store openings, 1,750 remodels, and 120 store relocations.

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