U.S. Movers: Dollar General, Ollie's Bargain Outlet, Signet Jewelers

Scott Peters
03 Jun, 2025
New York City

Dollar General Corp. surged 10.7% to $107.60 after the discount retailer lifted its annual outlook.

Net sales in the fiscal first quarter ending on May 2 increased to $10.43 billion from $9.91 billion, net income jumped to $391.9 million from $363.3 million, and diluted earnings per share rose to $1.78 from $1.65 a year ago.

Same-store sales increased 2.4% in the quarter, and cash flows from operations edged up 27.6% to $847.2 million.

The company announced a quarterly cash dividend of 59 cents per share, payable on July 22 to shareholders on record on July 8.

As of May 2, total merchandise inventories, at cost, were $6.6 billion compared to $6.9 billion a year ago, a decrease of 7% on an average per-store basis.

The company guided fiscal 2025 net sales to increase between 3.7% and 4.7%, compared to $40.6 billion a year ago, and same-store sales to grow between 1.5% and 2.5%, higher than the previous estimate of 1.2% to 2.2%.

Dollar General also expects full-year diluted earnings per share to range between $5.20 and $5.80, compared to $5.11 a year earlier.

Ollie's Bargain Outlet Holdings Inc. eased 2.6% to $108.99 after the discount retailer reported first-quarter 2025 results.

Net sales jumped to $576.77 million from $508.82 million, net income edged up to $47.56 million from $46.34 million, and diluted earnings per share rose to 77 cents from 75 cents a year ago.

Comparable store sales increased 2.6% on top of 3% growth in the previous year, and the company opened 25 new stores, compared to four new stores in the same quarter last year.

The company said Ollie’s Army loyalty members increased 9.2% to more than 15.5 million in the quarter.

The discount retailer guided full-year net sales to range between $2.58 billion and $2.60 billion, compared to $2.27 billion a year earlier, and higher than the previous forecast.

The company also expects full-year comparable store sales to increase between 1.4% and 2.2%, higher than the previous estimate of 1% to 2%.

The retailer said full-year adjusted net income is estimated to be between $225 million and $232 million, or $3.65 to $3.75 per diluted share, compared to $202.4 million, or $3.28 per diluted share, a year ago.

The company plans to open 75 new stores in fiscal 2025.

Signet Jewelers Ltd. soared 17.6% to $78.60 after the diamond jewelry retailer reported better than expected fiscal first-quarter 2026 results.

Sales increased to $1.54 billion from $1.51 billion, net income swung to a profit of $33.5 million from a loss of $40.1 million, and diluted earnings per share were 78 cents, compared to a loss of 90 cents a year ago.

Same-store sales jumped 2.5% from a year earlier.

The company has announced a quarterly cash dividend of 32 cents per share for the second quarter, payable on August 22 to shareholders on record on July 25.

During the first quarter, the company repurchased approximately 2.1 million shares for $117.4 million, and subsequent to quarter end, it has repurchased approximately 235,000 additional shares for $15 million through June 2.

The company has nearly $600 million in share repurchase authorization remaining.

The jewelry retailer guided second-quarter sales to range between $1.47 billion and $1.51 billion, compared to $1.49 billion a year ago, and same-store sales to be between negative 1.5% and up 1%.

The company also estimated adjusted operating income in the second quarter to range between $53 million and $73 million, compared to $68.6 million a year earlier.

For the full year, the company estimated sales to be between $6.57 billion and $6.80 billion, compared to $6.70 billion a year earlier, and same-store sales to be between negative 2% and up 1.5%.

Adjusted operating income for the full year is expected to range between $430 million and $510 million, compared to $498.1 million a year ago.