Dollar General 'Back-To-Basics' Strategy Earns Analyst Upgrade Following Mixed Earnings
Dollar General 'Back-To-Basics' Strategy Earns Analyst Upgrade Following Mixed Earnings
Dollar General Corporation (NYSE:DG) shares are trading higher Friday after the company reported third-quarter adjusted earnings per share of 89 cents, missing the consensus of 94 cents.
美国达乐公司（NYSE:DG）股票周五交易走高，因公司报告第三季度调整后每股盈利为89美分，低于市场预期的94美分。
The discount retailer's EPS is down 29.4% year-over-year. It now expects 2024 net sales growth of approximately 4.8% to 5.1%, compared to its previous expectation of roughly 4.7% to 5.3%.
这家折扣零售商的每股收益同比下降了29.4%。现在预计2024年净销售额增长约4.8%至5.1%，相比之下，之前的预期大约为4.7%至5.3%。
Here are the analysts' takes on the earnings results:
以下是分析师对收益结果的看法：
- Goldman Sachs analyst Kate McShane reiterated the Buy rating, lowering the price objective to $104 from $122.
- Bank of America Securities analyst Robert F. Ohmes upgraded Dollar General from Underperform to Buy, with a price forecast of $95.
- 高盛分析师Kate McShane重申买入评级，将价格目标从122美元降至104美元。
- 美国银行证券分析师Robert F. Ohmes将美国达乐公司的评级从弱于市场发展提升至买入，并给出了95美元的价格预测。
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McShane raised the fiscal year 2024 EPS estimate by 0.9% to $5.79. This reflects lower interest expenses from paying down a $750 million note.
McShane将2024财政年度每股收益预测上调了0.9%，至5.79美元。这反映了从偿还75000万美元票据中减少利息支出。
The fiscal year 2025 and fiscal 2026 EPS estimates were lowered by 6.8% and 7.4%, respectively. This was due to higher SG&A growth and expected return of incentive compensation.
2025财政年度和2026财政年度的每股收益预测分别下调了6.8%和7.4%。这是因为销售、广告和一揽子酬劳预期的增长。
Overall, the analyst notes that Dollar General saw small wins this quarter, including positive traffic, monthly comps, larger basket sizes, discretionary growth, and share gains with higher-income consumers.
总体而言，分析师指出，美国达乐公司在本季度取得了一些小胜，包括积极的流量、月度销售比较、更大的购物篮尺寸、自发长、以及与高收入消费者的份额增长。
Ohmes upgraded the stock, citing early success in its "Back-to-Basics" strategy, including improved inventory, higher in-stock levels, better customer satisfaction, and strong merchandising.
Ohmes升级了股票，称赞其"回归基本"策略取得了早期成功，包括改善的库存、更高的库存水平、更好的客户满意度以及强大的商品营销。
Ohmes also noted SKU reductions, a refreshed sorting process, and the launch of e.l.f. Beauty, Inc. (NYSE:ELF) products as factors supporting growth and profitability in 2025.
Ohmes还指出SKU减少、重新调整的排序流程，以及e.l.f. beauty, Inc. (纽交所:ELF) 产品的推出作为支持2025年增长和盈利的因素。
The analyst sees benefits from inventory rightsizing, with overall and NC inventory down 7% and 9% per store, respectively, along with plans for 2K full store and 2.25K "Project Elevate" remodels, supporting comps of 6%-8% and 3%-5%, respectively.
分析师看到库存精细调整带来的好处，整体和NC库存分别减少了7%和9%每家店，还计划进行0.2万全店和0.225万"Project Elevate"改造，支持销售比较分别为6%-8%和3%-5%。
Price Action: DG shares are trading higher by 2.93% to $81.96 at last check Friday.
股价走势：美国达乐公司股票周五最后交易价为81.96美元，上涨2.93%。
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图片：shutterstock
