Dollar General Topped Earnings For Q3, Rose 11.5% Year-Over-Year

Dollar General (NYSE:DG) reported Q3 EPS of $0.50, better than analyst estimates of $0.47, per share. Revenues for the quarter rose 11.5% year-over-year to $3.60 billion, better than consensus estimates of $3.57 billion.

Rick Dreiling, chairman and chief executive officer said, "Dollar General delivered another great quarter, and we expect to continue to build upon our strong track record of delivering excellent results for our shareholders. Our same-store sales increased 6.3 percent in the third quarter, representing our third consecutive quarter of accelerating same-store sales growth and demonstrating our ability to balance the challenges of pricing and rising input costs. Based on these results, we are raising our full year adjusted earnings per share guidance to the range of $2.29 to $2.32."

Dollar General (NYSE:DG) has potential upside of 3% based on a current price of $39.94 and an average consensus analyst price target of $41.13.

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