BUZZ-PREVIEW: Dollar General seen posting higher rev in results due before the bell Thursday

Reuters
Mar 12
BUZZ-PREVIEW: Dollar General seen posting higher rev in results due before the bell Thursday

** Shares of Dollar General DG.N down 0.7% on Wed ahead of the discount retailer's qtrly results due before the bell on Thurs, with investors likely to focus on any comments on consumer spending as oil prices have surged

** DG expected to post Q4 rev of $10.82 bln vs $10.30 bln in the yr-ago period, while adj EPS is seen at $1.65 vs $1.68 a yr ago, per LSEG

** In its last qtrly report, the co raised its annual profit and same-store sales forecasts, citing strong demand from shoppers across income levels

** Median 12-mo PT is $145.00; stock last at $145.04

** Oil prices have spiked since the February 28 start of the U.S.-Israeli war against Iran

** DG's stock has risen ~9.2% YTD, outperforming the S&P 500's .SPX roughly 1% decline

(Reporting by Caroline Valetkevitch )

((caroline.valetkevitch@thomsonreuters.com))

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