Owing to the rising preference for home-cooked meals over restaurant food and rapid digitization, the grocery market is primed for a remarkable expansion in the foreseeable future. Moreover, the inelastic demand for groceries should help the industry navigate any economic challenges in the near term.
Grocery companies DLTR and DG are scheduled to report their fourth-quarter results on March 13 and 14, respectively. Street expects DG’s revenue and EPS for the fiscal fourth quarter of 2023 (ended February 2, 2024) to be $9.78 billion and $1.73, down 4.2% and 41.6% year-over-year, respectively. On the contrary, DLTR’s revenue and EPS for the same quarter (ended February 3, 2024) are expected to increase 12% and 29.8% year-over-year to $8.65 billion and $2.65, respectively.
