Accel Entertainment Inc
Change company Symbol lookup
Select an option...
ACEL Accel Entertainment Inc
USLM United States Lime & Minerals Inc
BWEN Broadwind Inc
EQIX Equinix Inc
TXMD TherapeuticsMD Inc
ORC Orchid Island Capital Inc
GBX Greenbrier Companies Inc
FCX Freeport-McMoRan Inc
TRKA Troika Media Group Inc
SXTC China SXT Pharmaceuticals Inc
Go

Consumer Discretionary : Hotels, Restaurants & Leisure | Small Cap Growth
Company profile

Accel Entertainment, Inc. is a distributed gaming operator in the United States and a partner for local business owners in the Illinois market. The Company's business consists of the installation, maintenance, and operation of video gaming terminals (VGTs), redemption devices that disburse winnings and contain automated teller machine (ATM) functionality, and other amusement devices in authorized non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores. It also operates ATMs in gaming and non-gaming locations. Its gaming-as-a-service platform provides local businesses with a turnkey, gaming solution. It owns all of its gaming equipment and manages the operating process for its licensed partners. In addition to its gaming business, it also installs, operates and services redemption devices that have ATM functionality, ATMs and amusement devices, including jukeboxes, dartboards, pool tables, pinball machines and others.

Postmarket

Last Trade
Delayed
$9.53
0.02 (0.21%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$9.51
Day's Change
-1.92 (-16.80%)
Bid
--
Ask
--
B/A Size
--
Day's High
11.70
Day's Low
9.39
Volume
(Heavy Day)
Volume:
566,574

10-day average volume:
181,002
566,574

Dollar General and Dollar Tree stocks shoot toward best performances on record

7:40 am ET May 27, 2022 (MarketWatch)
Print

By Emily Bary

Dollar Tree says move to $1.25 price point is helping sales and margins

Shares of Dollar General Corp. and Dollar Tree Inc. surged toward their best single-day performances on record after the discount retail chains offered upbeat outlooks for the year ahead.

Dollar Tree shares (DLTR) were up 20% in Thursday afternoon trading, while Dollar General shares (DG) were ahead 14%. The gains come as both companies topped expectations with their latest quarterly results.

"We are in the midst of a very challenging time for consumers as many are living paycheck to paycheck," Dollar Tree Chairman Rick Dreiling said on the company's earnings call. "They are facing the highest inflation since the early 1980s, record high gas prices, the effects from the pandemic, geopolitical uncertainty and much more. In tough times, value retail can be part of the solution to help families stretch their dollars to meet their evolving needs."

See also: 'You saw us coming': Dollar General turns away activists and workers from shareholder meeting after they arrived late

While macro and geopolitical developments are causing some challenges for the company, including increased diesel costs and a helium shortage, Dollar Tree signaled that it is having success with business initiatives. The company recently moved to a $1.25 price point, a change that it said helped sales and margins.

See more: Dollar Tree profit climbs 43%, shares jump

The company now expects $7.80 to $8.20 in earnings per share for the full fiscal year, whereas its prior outlook called for $7.60 to $8. Dollar Tree also models $27.76 billion to $28.14 billion in sales for the year, compared with its prior outlook that called for $27.22 billion to $27.85 billion.

Dollar General also exceeded the consensus view with its Thursday results, and though the company maintained its earnings outlook, it upped its sales expectations. Dollar General anticipates 3.0% to 3.5% growth in same-store sales, up from a prior expectation of 2.5%, and it also models 10.0% to 10.5% sales growth, whereas it was previously calling for 10.0%.

Chief Executive Todd Vasos said that while traffic declined in the company's fiscal first quarter, that was "mostly offset by growth in average basket size driven largely by inflation."

Vasos shared that Dollar General's core customers are starting "to shop more intentionally," while "that next tier of customers" is shopping a bit more with the company.

"When you look at the COVID customer, I would call it, the one that we attracted and now have retained since COVID, it is still running at or slightly above where we thought we would be right now, and that's a little higher-end consumer," he said on the earnings call. "So that tells you that, that trade down and trade in is well and is starting to probably pick up steam as we move through Q2 and into the back part of the year as things continue to tighten up."

-Emily Bary

	

(END) Dow Jones Newswires

May 27, 2022 07:40 ET (11:40 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2022 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., ,, and

Copyright © 2022. All rights reserved.