Post by
retiredcf on Jun 18, 2023 1:37pm
Another View
A healthy number of viewers but no participants (or even appreciation) on this BB so I will make this my last post for awhile. GLTA
Inflation and hurting wallets contributed to a 23.6% year-over-year income increase in DOL's profits this quarter. Visits to DOL stores increased this quarter, with an overall number of transactions up 15.5%. Comparable store sales grew by a whopping 17% year-over-year. Sales grew by 20.7% to $1.29 billion beating expectations of $1.24 billion. Net earnings grew to $179.9 million or $0.63 against expectations of $165.7 million or $0.59 and $145.5 million or $0.50 reported in the same quarter last year. 21 new locations were opened this quarter, ending the quarter with a total of 1,507 stores. DOL plans to reach 2,000 stores by 2031. We liked the quarter and see a broader demographic accessing DOL compared to a much narrower target base for similar companies in the US. We continue liking it for a long term position. (5iResearch)