Noor Ul Ain Rehman
2 min read
In This Article:
Dollar General Corporation (NYSE:DG) is one of the 10 Hot Large Cap Stocks to Buy Now. In a report released on June 10, Zhihan Ma from Bernstein maintained a Buy rating on Dollar General Corporation (NYSE:DG) with a price target of $126.00. The rating followed the company’s fiscal Q1 2025 earnings release on June 3, reporting a 5.3% growth in net sales to $10.4 billion.
Dollar General Corporation (NYSE:DG) also reported a 2.4% rise in same-store sales compared to fiscal Q1 2024, while operating profit grew 5.5% to $576.1 million in the quarter. The increase in net sales was attributed to growth in same-store sales and positive sales contributions from new stores. Diluted EPS for fiscal Q1 2025 rose to $1.78, reflecting a 7.9% growth.
A busy shopping aisle filled with discounted items in a retail store.
The company also raised its financial guidance for fiscal 2025. Dollar General Corporation (NYSE:DG) now expects net sales growth of around 3.7% to 4.7%, compared to prior expectations of around 3.4% to 4.4%. It reiterated plans to execute approximately 4,885 real estate projects in fiscal year 2025, which includes up to 15 new stores in Mexico and around 575 new stores in the US.
Dollar General (NYSE:DG) is a retailer that offers a diverse array of merchandise in its stores, including consumables, beverages, seasonal items, and more.
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Disclosure: None.
