Dollar General reports Q1 EPS $1.78, consensus $1.49

Reports Q1 revenue $10.4B, consensus $10.29B. Q1 same store sales increased 2.4%. “We are pleased with our start to the year, including strong same-store sales and EPS results,” said Todd Vasos, Dollar General’s (DG) chief executive officer. “Our efforts to improve execution and enhance the associate and customer experience are yielding positive outcomes in both our operational performance and our financial results. I want to thank our team for their hard work and dedication to serving our customers and communities with value and convenience every day. These efforts contributed to market share gains in sales of both consumables and non-consumables, and drove growth with both our core customer and trade-in customers during the quarter. Looking ahead, we are uniquely well-positioned to serve our customer in a variety of economic environments. We are proud of our progress and are excited about the future of this business, as we look to further create sustainable long-term value for our shareholders.”