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

/ / Consumer Discretionary /

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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Salesforce (NYSE:CRM) Updates Fiscal 2024 Outlook

/ / Technology /

Salesforce (NYSE:CRM) said it expects fiscal Q2 adjusted EPS of $1.89 to $1.90 on revenue of $8.51 billion to $8.53 billion. Analysts polled by Capital IQ are looking for $1.71 and $8.49 billion, respectively. Salesforce also said it now expects fiscal 2024 adjusted EPS of $7.41 to $7.43. That compares with its prior guidance of $7.12 to $7.14. Analysts surveyed by Capital IQ are expecting $7.17. Revenue for the current fiscal year is still projected to be in the range of $34.5 billion to $34.7 billion, the company said. Analysts polled by Capital IQ are expecting $34.65 billion.

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Salesforce (NYSE:CRM) Fiscal Q1 Adjusted Earnings, Revenue Advance; Sets Fiscal Q2 Guidance; Updates Fiscal 2024 Outlook

/ / Technology /

Salesforce  (NYSE:CRM)  reported fiscal Q1 adjusted earnings  of $1.69 per diluted share, up from $0.98 a year earlier. Analysts polled by Capital IQ expected $1.61. Revenue for the quarter ended April 30 was $8.25 billion, up from $7.41 billion a year earlier. Analysts surveyed by Capital IQ expected $8.17 billion. The customer-management software company said it expects fiscal Q2 adjusted EPS of $1.89 to $1.90 on revenue of $8.51 billion to $8.53 billion. Analysts polled by Capital IQ are looking for $1.71 and $8.49 billion, respectively. Salesforce also said it now expects fiscal 2024 adjusted EPS of $7.41 to $7.43. That compares with its prior guidance of $7.12 to $7.14. Analysts surveyed by Capital IQ are expecting $7.17. Revenue for the current fiscal year is still projected to be in the range of $34.5 billion to $34.7 billion, the company said. Analysts polled by Capital IQ are expecting $34.65 billion.

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CVS Health (NYSE:CVS) Maintains 2023 Outlook

/ / Health Care /

CVS Health (NYSE:CVS) said Wednesday it maintained its 2023 guidance, including adjusted per-share earnings of $8.50 to $8.70. Analysts surveyed by Capital IQ expect $8.63. The company said it reaffirmed its cash flow operations outlook range of $12.50 billion to $13.50 billion and continues to expect more than half of 2023 earnings in the second half of 2023, with Q3 earnings being modestly higher than in Q4.

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