Dollar General Corporation · DG · FY2025 Q2 · Calendar Q3 2025

Dollar General raises outlook as sales, EPS and delivery growth accelerate

The supplied analysis supports a constructive but conditional view: sales growth, resilient value-oriented demand, store and remodel expansion, and digital initiatives are supporting earnings momentum. The next test is whether these drivers can offset higher costs and sustain margins as shrink-related benefits normalize.

Reported Before market openNYSEConsumer Defensive $26.24B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $1.86 Consensus $1.58
EPS surprise +17.7% Reported versus consensus
Reported revenue $10.73B Consensus $10.68B
Revenue surprise +0.5% Reported versus consensus

Market reaction

prior-close to event-session close
Stock move +0.5% Event window
SPY move +0.4% Same window
Abnormal move +0.1% Stock minus SPY
Volume 2.6× Versus trailing sessions
Subsequent drift -8.6% Up to 20 sessions
DGSPY benchmark

Ask FN2 about DG FY2025 Q2

Transcript, numbers and history already loaded
Why did DG rise 0.5% after beating EPS estimates in FY2025 Q2?What changed in DG's guidance and outlook in FY2025 Q2?Give me the bull and bear case for DG after FY2025 Q2 earnings.

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Transcript intelligence

What changed

Relative to the prior-quarter analysis, Dollar General reported another above-expectation quarter, raised fiscal 2025 guidance again, expanded delivery to more stores, and added further store and remodel activity. The risk discussion broadened to include SNAP legislation changes, higher Q3 SG&A, and leverage pressure.

Guidance delta

Management raised fiscal 2025 net-sales and EPS guidance, following the prior quarter's raise.

Key takeaways

  • The quarter showed continued sales and EPS growth, with results above expectations according to the supplied analysis.
  • Shrink reduction supported margin improvement, but the durability of that benefit is a key question.
  • Digital delivery, store expansion, remodels, and value-focused merchandising remain central growth initiatives.
  • Management plans continued investment in stores, delivery, media, and capital spending while addressing tariffs and leverage.

Management priorities

  • Expand the store base and complete Project Renovate and Project Elevate remodels
  • Broaden delivery coverage and scale DG Media Network engagement
  • Maintain value pricing, including the $1 assortment, while reducing shrink and managing costs
  • Redeem debt and fund planned capital expenditures

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Earnings History

Estimate Beat Miss Match
DG EPS earnings history estimate and actual scatter chart 10 reported fiscal quarters and 2 future estimate-only quarters. Q1 '25 estimate $1.57 Q1 '25 actual $1.65, beat Q2 '25 estimate $1.79 Q2 '25 actual $1.70, miss Q1 '26 estimate $1.48 Q1 '26 actual $1.78, beat Q2 '26 estimate $1.58 Q2 '26 actual $1.86, beat Q3 '26 estimate $0.94 Q3 '26 actual $1.28, beat Q4 '26 estimate $1.66 Q4 '26 actual $1.93, beat Q1 '27 estimate $1.89 Q1 '27 actual $2.00, beat Q2 '27 estimate $2.01 Q2 '27 actual $2.48, beat Q3 '27 estimate $1.38 Q4 '27 estimate $2.00
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Analyst Consensus ?

ConsensusHold50 ratings
Bullish2754.0%
Neutral2040.0%
Bearish36.0%

1 unmapped firm rating excluded from the percentages.

Analyst 52W Price Targets

$118.94Current
$80Low
$149.89Average
$273High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 3, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
HSBC Buy HoldUpgradeSep 24, 2026
Barclays Overweight OverweightMaintainSep 8, 2026
Argus Research Buy BuyMaintainSep 4, 2026
Guggenheim Buy BuyMaintainAug 31, 2026
Telsey Advisory Group Market Perform Market PerformMaintainAug 28, 2026
Show 46 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $118.94. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
HSBCAnalyst unavailable$160$120.56 +34.5%Sep 24, 2026
BMO CapitalAnalyst unavailable$135$123.4 +13.5%Aug 28, 2026
Morgan StanleyAnalyst unavailable$145$125.91 +21.9%Aug 28, 2026
Piper SandlerAnalyst unavailable$123$125.91 +3.4%Aug 28, 2026
Goldman SachsKate McShane$141$125.91 +18.5%Aug 28, 2026
See 123 more

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Company context

Snapshot as of publication

Dollar General Corporation is a prominent discount retail chain that offers a wide array of merchandise across the southern, southwestern, Midwestern, and eastern regions of the United States. Its extensive product assortment primarily features consumable items. This includes household essentials such as paper products, cleaning supplies, and laundry detergents; a wide array of food options, ranging from shelf-stable groceries like cereals, pasta, canned goods, condiments, and baking ingredients, to fresh and refrigerated perishables such as milk, eggs, bread, and frozen foods, as well as alcoholic beverages like beer and wine. The selection further encompasses popular snacks (candies, cookies, crackers, and carbonated drinks), health and beauty aids (over-the-counter medications, personal care items, cosmetics, dental, and foot care products), pet food and supplies, and tobacco products.…

Historical context

All DG earnings
+2.5%FY2027 Q2 · Calendar Q3 2026-3.3%FY2026 Q1 · Calendar Q2 2026-6.1%FY2025 Q4 · Calendar Q1 2026

Consumer Defensive peers this season

Latest reports in the same sector
CompanyQuarterEPS surpriseMarket moveHeadline
MKC McCormick & Company, Incorporated FY2026 Q3 · Calendar Q4 2026 +13.9% -4.9% McCormick reports strong Q3 growth while U.S. volumes remain soft
CAG Conagra Brands, Inc. FY2027 Q1 · Calendar Q3 2026 +44.4% -4.9% Conagra maintains outlook while increasing brand investment and simplifying SKUs
COST Costco Wholesale Corporation FY2026 Q4 · Calendar Q3 2026 +3.2% +2.9% Costco’s growth broadens as warehouses and digital sales accelerate
GIS General Mills, Inc. FY2027 Q1 · Calendar Q3 2026 +4.6% +1.0% General Mills leans on mix, innovation and e-commerce amid pressure
KR The Kroger Co. FY2026 Q2 · Calendar Q3 2026 +2.8% +2.7% Kroger: Strong digital growth offsets softer sales outlook
CPB Campbell Soup Company FY2026 Q4 · Calendar Q3 2026 +1.1% -7.0% Campbell’s leans on savings and innovation amid pressured demand

Latest beats and misses

Who reports next

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Missed on EPS

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:36:15.940040+00:00
  3. Polygon adjusted daily market bars · 2026-10-03T13:46:08.418864+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-03T13:46:08.416039+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-03. For educational purposes only; not investment advice.