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Jim Cramer: What Dollar General and Kroger Have in Common

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Dollar General  (DG) - Get Dollar General Corporation Report posted earnings on Thursday, Dec. 3. 

The company said adjusted earnings for the three months ending in October were pegged at $2.31 per share, up 62.7% from the same period last year and firmly ahead of the Street consensus forecast of $1.96 per share. Group revenues, Dollar General said, rose 17.3% to $8.2 billion, again topping analysts' forecast of an $8.13 billion tally. 

“I want to thank our associates for their tireless work over the past several months in helping our customers and communities impacted by the COVID-19 pandemic,” said CEO Todd Vasos. “To further demonstrate our appreciation and support, we plan to award a total of up to $75 million in appreciation bonuses to eligible frontline employees in Q4, which includes our recent announcement to double our initial plans for second-half bonuses by approximately $50 million, bringing the Company’s full-year investment in employee appreciation bonuses to approximately $173 million."

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