Dollar General Corporation
- Dollar General Corp. increased 2.8% to $137.70 after the deep discount retailer reported better-than-expected quarterly results and reaffirmed its fiscal year outlook for earnings and comparable sales.
Revenue in the fiscal third quarter ending on November 3 increased 2.4% to $9.7 billion, and same-store sales declined 1.3%.
Net income in the third quarter dropped 47.5% to $276.2 million from $526.2 million, and diluted earnings per share decreased 45.9% to $1.26 from $2.33 a year ago.
As of November 3, 2023, total merchandise inventories, at cost, were $7.4 billion compared to $7.1 billion as of October 28, 2022, a decrease of 1.8% on a per-store basis.
The company did not repurchase any of its shares in the quarter, and $1.4 billion is available for future purchases at the end of the fiscal third quarter.
The company's board of directors declared a quarterly cash dividend of 59 cents payable on January 23 to shareholders on record on January 9.
The company forecasted fiscal year 2023 same store sales to range between flat and a decline of 1.0%, and net sales growth between 1.5% and 2.5%, including one fewer week this fiscal year.
The retailer estimated diluted earnings per share to decline between 29% and 34% and range between $7.10 and $7.60.
Dec 7, 2023 - Dollar General Corp plunged 18.4% to $164.40 after the deep discount retailer lowered its same store sales in the current year to between 1% and 2% from the previous estimate between 3.0% and 3.5%.
The retailer also lowered its net sales growth estimate in the current year to between 3.5% and 5.0% from the previous estimate between 5.5% and 6.0%.
Net sales in the quarter increased 6.8% to $9.3 billion and net income declined to $514.8 million from $552.6 million and diluted earnings per share fell to $2.34 from $2.41 a year ago.
As of May 5, 2023, total merchandise inventories, at cost, were $7.3 billion compared to $6.1 billion as of April 29, 2022, an increase of 14.7% on a per-store basis.
This increase primarily reflects the impact of product cost inflation.
The company declared quarterly dividend of 59 cents a share, payable on or before July 25 to shareholders on record July 11.
Jun 1, 2023 - Dollar General Corp said same store sales in the fourth quarter increased 5.7% and in the full-year 2022 rose 4.3%.
Revenue in the fourth quarter ending on February 3 increased to $10.2 billion from $8.6 billion and net income rose to $659.1 million from $597.4 million and diluted earnings per share advanced to $2.96 from $2.57 a year ago.
In the fiscal year 2022, revenue increased to $37.8 billion from $34.2 billion and net income expanded to $2.42 billion from $2.39 billion and diluted earnings per share advanced to $10.68 from $10.17 a year ago.
Mar 16, 2023 - Dollar General lowered its same store sales increase estimate for the fiscal year ending on February 3 to 4.3% from the previous estimate towards the upper end of the range between 4.0% and 4.5%.
The discount retailer lowered its diluted earnings per share growth in the range of approximately 4.5% to 5.0%, compared to its previous estimate between 7% and 8%.
Feb 23, 2023
| Year | May | Aug | Nov | Feb | Annual | |
|---|---|---|---|---|---|---|
| 2023 | 2.96 | 2.34 | 2.13 | 1.26 | - | |
| 2022 | 2.58 | 2.41 | 2.98 | 2.33 | 10.68 | |
| 2021 | 2.63 | 2.82 | 2.69 | 2.08 | 10.17 | |
| 2020 | 2.09 | 2.56 | 3.12 | 2.31 | 10.62 | |
| 2019 | 1.84 | 1.48 | 1.74 | 2.1 | 6.64 | |
| 2018 | 1.48 | 1.36 | 1.52 | 1.26 | 5.97 | |
| 2017 | 1.49 | 1.03 | 1.10 | 0.98 | 4.6 | |
| 2016 | 1.30 | 1.03 | 1.08 | 0.89 | 4.3 | |
| 2015 | 1.17 | 0.84 | 0.95 | 0.88 | 3.84 | |
| 2014 | 0.72 | 0.83 | 0.78 | 1.01 | 3.17 | |
| 2013 | 0.67 | 0.75 | 0.74 | 0.96 | 2.85 | |
| 2012 | 0.63 | 0.64 | 0.62 | 0.85 | 2.22 | |
| 2011 | 0.45 | 0.42 | 0.50 | 0.65 | 1.82 | |
| 2010 | 0.39 | 0.41 | 0.37 | 0.25 | 1.04 | |
| 2009 | 0.26 | 0.29 | 0.24 | 0.36 | 0.34 | |
| 2008 | 0.00 | 0.00 | -0.02 | 0.00 | -0.02 | |
| 2007 | 0.00 | 0.00 | 0.00 | 0.00 | 0 | |
| 2006 | 0.15 | 0.15 | -0.02 | 0.00 | 0 | |
| 2005 | 0.20 | 0.23 | 0.20 | 0.40 | 1.04 |