Dollar General and Dick's Sporting Goods have both reported notable earnings, capturing the attention of investors and analysts alike. JPMorgan upgraded Dollar General to a neutral rating from underweight, citing the company's efforts to steer its business in a positive long-term direction. Despite facing competition from Walmart and Kroger, Dollar General's stock jumped towards a 7-month high after reporting a profit beat and surprise growth in same-store sales with a full year guide of 2-2.7%. The company is expected to report $9.78B in revenue, indicating a -4.15% YoY decrease, and $1.75 in earnings per share, a -40.88% YoY decrease, signaling a turnaround in its business operations. On the other hand, Dick's Sporting Goods shares surged 4.4% after its earnings crushed estimates, with the company raising its dividend by 10%. The retailer has seen a sales increase of +48% over the past four years, significantly outpacing the retail sales growth of +37%, and has more than doubled its operating margin from 2019's 3.8% to 9.69%.
Dicks has used Covid to transform itself. Sales +48% over past 4 years, well ahead of retail sales +37%. Inventory much slower +29%. As a result, operating margin has hit 9.69%, more than doubling from 2019's 3.8%. Job very well done. $DKS $FL $NKE $WSM
Dicks is a standout Covid winner like $WSM. Comps consistently much better than peers & other than odd quarterly hiccup, $DKS has exceeded what were regularly called 'unrealistic' or 'delusional' guides. Today's guide again above street $NKE $ADDYY $FL
Dick’s Sporting Goods reports sales that surpassed analysts’ expectations, spurred by strong demand for sports gear https://t.co/D01OOhhdzK
Dollar General comp turned positive & $DG moving in reassuring direction but on 4-year stack it's where its been all year at +18%. Both $ store chains losing ground to peers - Walmart on value & to supermarkets with rising real income. $DLTR $WMT $TGT $KR $ACI https://t.co/tJWIdNJkzB
$DG $DKS both up nicely on results in Retail
About half the 'beat' from Dollar General was taxes. And $DG talking down Q1 20% below street. But unlike Dollar Tree, comp heading in right direction with full year guide of 2-2.7% vs street at flat. Market should like that as challenges not as deep as $DLTR
Dollar General gave a same-store sales outlook that beat Wall Street expectations, indicating that efforts to turnaround the business are starting to show results https://t.co/WjCthFTE7e
Dollar General Earnings Beat Estimates as Store Traffic Rises https://t.co/giytisxrtA
Dick’s Sporting Goods Stock Is Gaining. A Dividend Boost Is Only One Reason Why. https://t.co/erVSmGtGB5
Dick’s Sporting Goods shares up 4.4% after earnings crush estimates https://t.co/ZoptPgabnc
Dick's Sporting Goods soars past holiday quarter estimates, raises dividend 10% https://t.co/NPJAMycqgN
Dollar General’s stock jumps toward a 7-month high after profit beat, surprise growth in same-store sales https://t.co/C2tHgX3PDM
$DG Dollar General will report before market open. Analysts estimate $9.78B in revenue (-4.15% YoY) and $1.75 in earnings per share (-40.88% YoY). https://t.co/y8eLmuC0pS
Looks like there were some folks betting against the high end consumer and $WSM CEO Laura Alber. Bears getting scalded. Dollar Tree is a less-well run retail operation. Draw class-conclusions at your peril ("what price, clickbait?") $DLTR https://t.co/B5b1XHAnoi
With low income demos supposedly most strained, $ stores should be making hay. But $DLTR 4-year comp +18% (despite 25% lift in ASP) vs Kroger at +21% & Walmart at +29%. Family Dollar barely +10%. $DG will similarly underperform. $WMT $DLTR $KR $XRT
$DG JPMorgan upgrades Dollar General to neutral Dollar General is putting in the work to steer its business into a positive long-term direction, according to JPMorgan. The investment bank upgraded shares of the discount retailer to a neutral rating from underweight. Analyst…