Dollar General's Q1 Beat Driven By Cost Control As CEO Exit Looms

Shares of Dollar General Corp (NYSE: DG ) are trading slightly lower on Wednesday, after the company reported its first-quarter results on Tuesday . Here are some key analyst takeaways: Loop Capital Markets analyst Anthony Chukumba maintained a Hold rating, while raising the price target from $110 to $115. Guggenheim Securities analyst John Heinbockel reiterated a Buy rating on the stock. Check out other analyst stock ratings . Loop Capital Markets: Dollar General's performance was particularly impressive, given that it faced adverse weather, rising gas prices, and reduced benefits from SNAP (Supplemental Nutrition Assistance Program, formerly called food stamps), Chukumba said in a note. He added that the positives in the quarter included: Net sales growth of 3.4% to $10.8 billion. Same-store sales growth of 2.0%, driven by 1.4% increase in customer traffic and 0.5% rise in average transaction. Comps rising in all three months of the quarter, with March being the strongest ... Full story available on Benzinga.com