5 Stocks Making Noise After Releasing Their Financial Results

3. Dollar General Corporation (NYSE:DG)

Number of Hedge Fund Holders: 44

Shares of Dollar General Corporation (NYSE:DG) rose more than four percent on Thursday, March 17, 2022, after reporting earnings of $2.57 per share for its fiscal fourth quarter that matched the consensus forecast. The discount retailer had earned $2.62 per share in the comparable period of 2020.

Revenue for the quarter rose 2.8 percent on a year-over-year basis to $8.65 billion, while analysts were expecting Dollar General Corporation (NYSE:DG) to post revenue of $8.70 billion.

Dollar General Corporation (NYSE:DG) also issued its financial outlook for the current fiscal year. The company projected earnings growth in the range of 12 – 14 percent and revenue growth of about 10 percent for its FY 2022.

Discussing the results, CEO Todd Vasos said:

“Despite a more challenging than expected operating environment, our teams remained focused on executing our operating priorities and advancing our strategic initiatives, which we believe position us well for solid sales and profit growth in 2022 and beyond.”