Core Insights - Dollar General Corporation reported better-than-expected first-quarter earnings and raised its full-year outlook [1][2] - Quarterly net sales increased by 5.3% to $10.44 billion, slightly missing the consensus of $10.64 billion [1] - Net income rose by 7.9% to $391.9 million, with earnings per share (EPS) of $1.78, surpassing the consensus of $1.58 [1][2] Financial Performance - The company updated its fiscal year 2025 sales growth expectation to approximately 3.7% to 4.7%, up from the previous expectation of 3.4% to 4.4% [2] - Earnings guidance was revised from $5.10-$5.80 per share to $5.20-$5.80, compared to the consensus of $5.62 [3] Analyst Ratings and Price Targets - Telsey Advisory Group raised the price target from $100 to $120 while maintaining a Market Perform rating [5] - Barclays maintained an Overweight rating and raised the price target from $100 to $119 [5] - B of A Securities raised the price target from $115 to $135 while maintaining a Buy rating [5] - Wells Fargo raised the price target from $80 to $105 with an Equal-Weight rating [5] - UBS raised the price target from $120 to $128 while maintaining a Buy rating [5] - JP Morgan raised the price target from $88 to $95 while maintaining a Neutral rating [5] - Morgan Stanley raised the price target from $85 to $115 with an Equal-Weight rating [5] - Truist Securities raised the price target from $93 to $112 while maintaining a Hold rating [5] - Raymond James raised the price target from $100 to $125 with an Outperform rating [5] - Citigroup raised the price target from $101 to $112 while maintaining a Neutral rating [5]
These Analysts Increase Their Forecasts On Dollar General After Better-Than-Expected Q1 Earnings