Q2 25 EPS
$1.70
MISS 5.03%
Est. $1.79
Q2 25 Revenue
$10.21B
MISS 1.52%
Est. $10.37B
vs S&P Since Q2 25
-4.3%
TRAILING MARKET
DG +29.0% vs S&P +33.3%
Market Reaction
Did DG Beat Earnings? Q2 2025 Results
Dollar General delivered a disappointing second quarter, missing on both the top and bottom lines as a financially stretched core customer continued to pull back on discretionary spending. Diluted EPS came in at $1.70, falling 5.03% short of the $1.7… Read more Dollar General delivered a disappointing second quarter, missing on both the top and bottom lines as a financially stretched core customer continued to pull back on discretionary spending. Diluted EPS came in at $1.70, falling 5.03% short of the $1.79 consensus estimate and representing a 20.2% year-over-year decline, while net sales of $10.21 billion, up 4.2% from a year ago, trailed the $10.37 billion Wall Street had anticipated by 1.52%. The most significant drag on profitability was a combination of elevated shrink, increased markdowns, and a pronounced mix shift toward lower-margin consumables, which compressed gross margin by 112 basis points to 30.0% and sent operating profit down 20.6% to $549.96 million. The results landed alongside a sharp guidance cut, with the company now projecting full-year diluted EPS of $5.50 to $6.20, well below its prior range of $6.80 to $7.55, and trimming its net sales growth outlook to 4.7% to 5.3%; the move mirrors a broader trend of discount retailers revising expectations downward as budget-conscious shoppers prioritize essentials over higher-margin goods.
Key Takeaways
- • Positive customer traffic growth drove same-store sales increase of 0.5%
- • New store openings contributed to 4.2% net sales growth
- • Consumables category growth of 6.0% offset declines in seasonal, home, and apparel
- • Gross margin compressed 112 basis points due to increased markdowns, inventory damages, unfavorable category mix, and higher shrink
- • SG&A increased 57 basis points as a percentage of sales due to higher retail labor, depreciation, occupancy, and utilities
- • Merchandise inventories decreased 11.0% on a per-store basis year-over-year
- • Net interest expense decreased 19.2% to $68.1 million
DG YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
DG Revenue by Segment
With YoY comparisons, source: SEC Filings
“We made important progress on our Back to Basics plan in the second quarter. However, despite advancing several of our operational goals and driving positive traffic growth, we are not satisfied with our financial results, including top line results below our expectations for the quarter.”
— Todd Vasos, Q2 2025 Earnings Press Release
DG Earnings Trends
DG vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
DG EPS Trend
Earnings per share: estimate vs actual
DG Revenue Trend
Quarterly revenue: estimate vs actual
DG Quarterly Results
11 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 BEAT | $1.88 | $2.00 | +6.22% | $10.79B | -0.23% |
| Q4 26 | — | — | — | — | — |
| Q3 26 BEAT | $0.93 | $1.28 | +37.55% | $10.65B | +0.44% |
| Q2 26 BEAT | $1.57 | $1.86 | +18.25% | $10.73B | +0.45% |
| Q1 26 BEAT | $1.49 | $1.78 | +19.87% | $10.44B | +1.46% |
| Q4 25 MISS FY | $1.50 | $0.87 | -42.19% | $10.30B | +0.45% |
| FY Full Year | $5.75 | $5.11 | -11.13% | $40.61B | +0.10% |
| Q3 25 MISS | $0.94 | $0.89 | -5.15% | $10.18B | +0.47% |
| Q2 25 MISS | $1.79 | $1.70 | -5.03% | $10.21B | -1.52% |
| Q1 25 BEAT | $1.57 | $1.65 | +5.10% | $9.91B | +0.18% |
| Q4 24 BEAT FY | $1.75 | $1.83 | +4.57% | $9.86B | +0.77% |
| FY Full Year | — | $7.55 | — | $38.69B | — |
| Q3 24 | $1.19 | — | — | — | — |