Dollar General Corporation (NYSE:DG) shares rose around 17% since the company’s reported Q1 earnings last week.
Q1 EPS came in at $2.41, above the consensus estimate of $2.32. Revenue was $8.8 billion, compared to the consensus estimate of $8.69 billion.
More importantly, management reaffirmed its full-year bottom line guidance and actually lifted its full-year sales outlook, even with increased headwinds for the lower-income consumer.
The company expects full 2022-year EPS growth of 12-14%. This is now predicated on net sales growth of 10-10.5%, compared to the prior 10% and a comp increase of 3-3.5%, compared to the prior 2.5% increase.