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.
美國達樂公司（NYSE:DG）股票週五交易走高，因公司報告第三季度調整後每股盈利爲89美分，低於市場預期的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%.
這家折扣零售商的每股收益同比下降了29.4%。現在預計2024年淨銷售額增長約4.8%至5.1%，相比之下，之前的預期大約爲4.7%至5.3%。
Here are the analysts' takes on the earnings results:
以下是分析師對收益結果的看法：
- 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.
- 高盛分析師Kate McShane重申買入評級，將價格目標從122美元降至104美元。
- 美國銀行證券分析師Robert F. Ohmes將美國達樂公司的評級從弱於市場發展提升至買入，並給出了95美元的價格預測。
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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將2024財政年度每股收益預測上調了0.9%，至5.79美元。這反映了從償還75000萬美元票據中減少利息支出。
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財政年度和2026財政年度的每股收益預測分別下調了6.8%和7.4%。這是因爲銷售、廣告和一攬子酬勞預期的增長。
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.
總體而言，分析師指出，美國達樂公司在本季度取得了一些小勝，包括積極的流量、月度銷售比較、更大的購物籃尺寸、自發長、以及與高收入消費者的份額增長。
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升級了股票，稱讚其"回歸基本"策略取得了早期成功，包括改善的庫存、更高的庫存水平、更好的客戶滿意度以及強大的商品營銷。
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還指出SKU減少、重新調整的排序流程，以及e.l.f. beauty, Inc. (紐交所:ELF) 產品的推出作爲支持2025年增長和盈利的因素。
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.
分析師看到庫存精細調整帶來的好處，整體和NC庫存分別減少了7%和9%每家店，還計劃進行0.2萬全店和0.225萬"Project Elevate"改造，支持銷售比較分別爲6%-8%和3%-5%。
Price Action: DG shares are trading higher by 2.93% to $81.96 at last check Friday.
股價走勢：美國達樂公司股票週五最後交易價爲81.96美元，上漲2.93%。
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譯文內容由第三人軟體翻譯。