Dollar General Shares Dip Despite Q2 Earnings Beat and HSBC Price Target Upgrade

Key Facts

1Dollar General reported a 5.2% revenue increase in Q2 with positive comparable sales growth.

2HSBC upgraded the stock to 'Buy' and raised its price target to USD 160.00.

Dollar General reported a 5.2% increase in second-quarter revenue to $11.29 billion, supported by a 3.5% rise in comparable sales. According to AD HOC NEWS, the company delivered adjusted earnings per share of $2.48, exceeding the consensus estimate of $2.01, while HSBC upgraded the stock to 'Buy' with a price target of $160.00.

DG closed at $122.64 on September 29, 2026, and the company's market capitalization stood at $26.9 billion as of September 30, 2026. Despite the earnings beat and signs of turnaround progress, the stock faced minor immediate trading pressure even as the retailer maintained its full-year 2026 adjusted EPS guidance of $7.80 to $8.00.