Why Dollar General Stock Is Sliding Today

Dollar General Corp DG shares are trading lower on Thursday after the company announced preliminary Q4 and FY22 financial results and issued preliminary guidance for FY23. The company sees Q4 EPS results in a range below analyst estimates.

Dollar General now expects adjusted earnings per share for the fourth quarter to be in the range of $2.91-$2.96, compared to analyst estimates of $3.24. For the full year, same-store sales are expected to increase 4.3% compared to the company's previous expectation of being toward the upper end of a range of 4%-4.5%.

Dollar General now expects diluted earnings per share growth to be in the range of approximately 4.5%-5% compared to its previous expectation of approximately 7%-8%.
For FY2023, Dollar General sees same-store sales growth in the range of 3%–3.5% and adjusted EPS growth in the range of approximately 4%-6%, including anticipated negative impacts of the following:

• Approximately three percentage points due to higher interest expense in fiscal 2023
• Approximately four percentage points due to lapping the fiscal 2022 53rd week

Dollar General operates an American chain of variety stores that offers products at everyday low prices.

See Also: Why Domino's Pizza Stock Is Trading Lower Today

DG Price Action: Dollar General has a 52-week high of $262.21 and a 52-week low of $183.25.

Dollar General stocks are down 5.46% at $212.79 at the time of writing, according to Benzinga Pro.

Photo: courtesy of Dollar General.