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DOLAR MUNICIPALITY: gain from consensus

US Dollar Dollar General Discount published quarterly results above expectations. The group made a net profit of $ 385 million, or $ 1.48 per share, compared to $ 365 million, or $ 1.36 per share a year earlier. Turnover rose 8% to 6.6 billion. Analysts expected EPS of $ 1.39 and a turnover of $ 6.6 billion. Sales in stores that were open more than a year increased by 3.8%, compared with a 2.8% consensus.

The company continues to expect comparable sales of 2.5% (+ 7% in total). EPS is expected to be between $ 6.3 and $ 6.5.

Consensus for a comparable sales growth of 2.5% in the first half and EPS of 6.41 USD.

The Dollar General predicts the opening of 975 new stores this year and the modernization of another 1000.

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