Consumer Discretionary

Dollar General (NYSE:DG) Fiscal Q1 Earnings Drop While Sales Rise; Lowers Fiscal 2023 Outlook

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Dollar General (NYSE:DG) reported fiscal Q1 earnings  of $2.34, down from $2.41 a year earlier. Analysts polled by Capital IQ expected $2.39. Net sales for the quarter ended May 5 were $9.34 billion, up from $8.75 billion a year earlier. Analysts surveyed by Capital IQ expected $9.46 billion. The retailer’s same-store sales increased 1.6% in fiscal Q1. Analysts polled by Capital IQ expected an increase of 3.8%. Dollar General said it now expects fiscal 2023 EPS to be in the range of 8% decline to flat, compared with its previous projection of 4% to 6% growth. Net sales for the fiscal year are now projected to grow 3.5% to 5%, down from 5.5% to 6% previously, the company said. The company said its guidance assumes no share buybacks in 2023, as compared with its prior expectation of $500 million in share buybacks. Dollar General said it now expects to implement

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American Airlines (NASDAQ:AAL) Raises 2Q Adj Profit Outlook

/ / Consumer Discretionary /

American Airlines (NASDAQ:AAL) expects its adjusted earnings for the current quarter to come in higher than previously expected, lifted by lower fuel costs and strong demand in the spring quarter. The company said it now expects second-quarter adjusted earnings of $1.45 a share to $1.65 a share, up from guidance offered in April for an adjusted profit of $1.20 a share to $1.40 a share. The second quarter typically ends around June 30. Revenue per available seat mile — an industry metric used to gauge efficiency — is now expected to fall 1% to 3% from the same quarter last year, compared with prior guidance for a drop of 2% to 4%. Average fuel price for the quarter is expected to be $2.55 a gallon to $2.65 a gallon, down from a previous range of $2.65 a gallon to $2.75 a gallon.

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