Financial Performance - Net sales increased by 6.1% to $9.91 billion, driven primarily by new stores and a 2.4% increase in same-store sales[89] - Operating profit decreased by 26.3% to $546.1 million in the 2024 period compared to $740.9 million in the 2023 period[93] - Net income was $363.3 million, or $1.65 per diluted share, in the 2024 period, down from $514.4 million, or $2.34 per diluted share, in the 2023 period, representing a decrease of 29.4%[94] - Cash generated from operating activities increased by $472.7 million, or 247.3%, to $663.8 million in the 2024 period compared to the 2023 period[93] Profitability Metrics - Gross profit as a percentage of net sales decreased to 30.2% in 2024 from 31.6% in 2023, a decline of 145 basis points, mainly due to increased shrink and markdowns[89] - Gross profit increased by 1.2% but as a percentage of net sales decreased by 145 basis points to 30.2% in the 2024 period[96] - SG&A expense as a percentage of net sales increased to 24.7% in 2024 from 23.7% in 2023, an increase of 97 basis points due to higher retail labor and other costs[92] - Selling, General & Administrative expenses (SG&A) increased to 24.7% of net sales in the 2024 period from 23.7% in the 2023 period[96] Store Operations - The company opened 197 new stores, remodeled 463 stores, and relocated 21 stores in the first quarter of 2024, with plans to open approximately 730 new stores in fiscal 2024[77] - Average sales per square foot for all stores over the 52-week period ended May 3, 2024, were $264[89] Inventory Management - Inventory turnover was 3.8 times on a rolling four-quarter basis, with inventories per store decreasing by 9.5% compared to the previous year[89] - The company continues to face significant inventory shrink, which is expected to materially pressure financial results in 2024[74] - The company is focused on enhancing margins through various initiatives, including pricing optimization and inventory reduction efforts[73] Tax and Interest - Interest expense decreased by $10.6 million to $72.4 million in the 2024 period due to higher cash balances[96] - The effective income tax rate increased to 23.3% in the 2024 period from 21.8% in the 2023 period[97] Capital Expenditures and Dividends - Capital expenditures for 2024 are projected to be approximately $1.3 billion to $1.4 billion, focusing on store growth and supply chain enhancements[109] - Cash dividends paid during the 2024 period totaled $129.7 million, slightly up from $129.4 million in the 2023 period[110] Market Risk - There have been no material changes to the disclosures relating to market risk from the Annual Report on Form 10-K for the fiscal year ended February 2, 2024[112] Other Considerations - The "DG Fresh" initiative has positively contributed to sales and gross margin performance since its rollout in 2021, with ongoing optimization planned[76] - The conclusion of the COVID-19 pandemic student loan forbearance program has not had a material impact on the company's business, but future effects remain uncertain[69]

Exhibit 99 Dollar General Corporation Reports First Quarter 2024 Results Provides Financial Guidance for 2024 Second Quarter; Reiterates 2024 Full Year Financial Guidance Updates Real Estate Plans for 2024 Full Year GOODLETTSVILLE, Tenn.--(BUSINESS WIRE)-- Dollar General Corporation (NYSE: DG) today reported financial results for its fiscal year 2024 first quarter (13 weeks) ended May 3, 2024. · Net Sales Increased 6.1% to $9.9 Billion · Same-Store Sales Increased 2.4% · Operating Profit Decreased 26.3% to ...

Dollar General Corporation (DG) is likely to register an increase in the top line when it reports first-quarter fiscal 2024 results on May 30 before the opening bell. The Zacks Consensus Estimate suggests that the company will achieve revenues of $9.87 billion, marking a 5.6% increase compared to the same quarter last year. This anticipated growth implies the discount retailer’s continued efforts to attract budget-conscious consumers.Despite the expected rise in revenues, Dollar General's bottom line is lik ...

Wall Street analysts expect Dollar General (DG) to post quarterly earnings of $1.57 per share in its upcoming report, which indicates a year-over-year decline of 32.9%. Revenues are expected to be $9.87 billion, up 5.6% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 1% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company reveals it ...

Dollar General (DG) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended April 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on May 30, 2024, might help the stock move higher if these key numbers are better than expec ...

The store chain has seen a considerable recovery from its bearish pullback in 2023, and overall guidance for 2024 seems bullish.Those who hopped on the Dollar General (DG -2.14%) train after its tough bear run in 2023 have been handsomely rewarded.The stock is up 49% over the last six months. Fourth quarter results caused a bit of skepticism after revenue declined by roughly 3.4% year over year to $9.68 billion. To me, there are a few big picture narratives that outweigh the short term stagnation. So, can t ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended February 2, 2024, or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ________ to ________ Commission file number: 001-11421 DOLLAR GENERAL CORPORATION (Exact name of registrant as specified in its charter) TENNESSE ...

Editor's note: Seeking Alpha is proud to welcome The Antagonist Investor as a new contributor. It's easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more » Brandon Bell Dollar General: a leading retailer, yet still trading at a large discount In this article, I will discuss what Dollar General (NYSE:DG) is doing to improve operating performance, latest trends and what the market seems to b ...

Key PointsDollar Tree operates under the Dollar Tree and Family Dollar brands, which sell items for $1.25, but has been growing its higher price of $3 and $5 items to offer more product diversity.Dollar Tree will close nearly 1,000 stores in 2024.Dollar General sells some $1 products but it's mostly a higher-priced discount chain aiming to be the big little box store in rural towns with 20,000 people or less.5 stocks we like better than Dollar TreeIn uncertain macroeconomic climates, conscious consumers try ...

Value-oriented retailer Dollar General (DG 1.26%) has been through a rough patch since the COVID-19 pandemic began abating. After overestimating post-pandemic demand and clogging up stores with too much of the wrong inventory headed into 2023, the company has been booking heavy markdowns on tepid sales.Investors have shared in this struggle, too. From their late-2022 peak to last year's trough, Dollar General shares fell nearly 60%.There's a light at the end of the tunnel though. While overall sales still f ...