Dollar General Corp (NYSE:DG) shares edged more than 2% lower on Tuesday after the retailer reported first quarter results that topped earnings expectations but delivered a slight revenue miss, alongside in-line same-store sales growth.
The company reported diluted earnings per share of $2.00, above Wall Street estimates of roughly $1.89 to $1.90
Revenue rose 3.4% year-over-year to $10.79 billion, just below the $10.82 billion consensus estimate. Same-store sales increased 2.0%, in line with expectations. Dollar General raised its fiscal 2026 adjusted earnings guidance to a range of $7.20 to $7.45 per share, up from $7.10 to $7.35 previously.
The company noted the updated outlook reflects the first-quarter performance as well as a lower assumed tax rate of approximately 24.5%. The retailer maintained its full-year net sales growth forecast of 3.7% to 4.2% and same-store sales growth outlook of 2.2% to 2.7%. Capital expenditures are expected to range between $1.4 billion and $1.5 billion.