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Recent Articles
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Dividend Increases/Decreases for the Week of September 6
Sep 6, 2024
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Let's take a look at firms raising/lowering their dividends this week.
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Casey’s General Stores Is Executing Well
Sep 5, 2024
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Image: Shares of Casey’s General Stores have done quite well since the beginning of 2022.
Looking to fiscal 2025, Casey’s continues to expect EBITDA to advance at least 8%, with inside same-store sales to increase 3%-5% and inside gross margin comparable to fiscal 2024. Same-store fuel gallons sold are expected to be between negative 1% and positive 1%. We liked Casey’s fiscal first quarter results, and while the name doesn’t make the cut for any newsletter portfolio, it’s one that we are watching closely.
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Dollar General's Business Model Challenged By Walmart’s Strength
Sep 4, 2024
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Image: Dollar General’s shares have been under considerable pressure the past couple years.
Dollar General cut its outlook for fiscal 2024. Net sales growth is now expected in the range of 4.7%-5.3% compared to its previous expectation of 6%-6.7%. Same store sales growth is now anticipated in the range of 1%-1.6%, compared to previous expectations of 2%-2.7%. Diluted earnings per share are now targeted in the range of $5.50-$6.20, compared to prior expectations of $6.80-$7.55. Shares of Dollar General plummeted on the news, and we see no reason to jump into the name, particularly given the competitive market environment, with Walmart likely gaining share.
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Dick’s Sporting Goods Beats Second Quarter Numbers, Raises 2024 Outlook
Sep 4, 2024
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Image: Dick’s Sporting Goods has performed nicely since the beginning of 2022.
Looking to all of 2024, Dick’s Sporting Goods’ earnings per share is targeted in the range of $13.55-$13.90, up from $13.35-$13.75 per share previously, while net sales are expected in the range of $13.1-$13.2 billion (unchanged from last quarter), on comparable sales growth of 2.5%-3.5%, up from 2%-3% previously. We like Dick’s Sporting Goods’ quarter, and we’re fans of its raised outlook. The firm remains a holding in the portfolio of the Dividend Growth Newsletter.
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