On August 27, Dollar General rose 8.21% in pre-market trading, trading at $128.5/share, with turnover of $1.3234 million. The sharp pre-market jump coincides with the company's fiscal Q2 earnings release day, suggesting results likely surpassed market expectations.
Ahead of the report, Oppenheimer noted on August 25 that Dollar General was expected to deliver another strong quarter with comparable-store sales growth of at least 2.5%, reflecting broad-based momentum. The bullish outlook followed a solid Q1 performance in which the company posted EPS of $2.00, beating the consensus estimate of $1.88 by approximately 6.4%, while raising full-year EPS guidance to a range of $7.20 to $7.45 from the prior $7.10 to $7.35. Multiple analysts had raised price targets in recent months, with Loop Capital and Gordon Haskett both lifting targets to $125, while Jefferies maintained a buy rating with a $155 target.
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