Financial Performance - Net sales for the year ended January 31, 2025, increased to $40,612,308, up 4.8% from $38,691,609 in 2024[266]. - Gross profit rose to $12,017,497, representing a gross margin of 29.6%, compared to $11,719,024 in 2024[266]. - Operating profit decreased to $1,714,074, down 30% from $2,446,300 in the previous year[266]. - Net income for the year was $1,125,253, a decline of 32.2% from $1,661,274 in 2024[266]. - Earnings per share (EPS) for diluted shares was $5.11, down from $7.55 in 2024[266]. - The company reported a comprehensive income of $1,127,747 for the year, down from $1,661,724 in 2024[269]. - Consolidated net income for 2024 was $1,125,253, a decrease of 32.2% compared to $1,661,274 in 2023[392]. Assets and Liabilities - Total current assets increased to $8,163,925, compared to $8,010,724 in the previous year[264]. - Total assets grew to $31,132,733, up from $30,795,591 in 2024[264]. - Total shareholders' equity increased to $7,413,707, compared to $6,749,119 in 2024[264]. - The total carrying amount of accrued expenses and other liabilities was $1,045.9 million as of January 31, 2025, compared to $971.9 million in 2024, representing a 7.6% increase[300]. - As of January 31, 2025, the company's total long-term obligations amounted to $5,719,025, a decrease from $6,231,539 in the previous year[348]. Cash Flow and Liquidity - The increase in cash and cash equivalents was primarily driven by cash from operations as of January 31, 2025[252]. - Net cash provided by operating activities increased to $2,996,064 in 2025 from $2,391,798 in 2024, representing a growth of 25.3%[274]. - Cash and cash equivalents at the end of the period increased to $932,576 in 2025 from $537,283 in 2024, marking a rise of 73.5%[274]. - The company had no consolidated commercial paper borrowings and no borrowings outstanding under its Revolving Facility as of January 31, 2025[250]. Expenses and Costs - Depreciation and amortization expense for 2024 was approximately $963.8 million, up from $839.9 million in 2023[287]. - Operating lease costs for 2024 amounted to $1.89 billion, an increase from $1.75 billion in 2023, with variable lease costs of $0.39 billion[344]. - Interest expense for 2024 was $274,320, a decrease from $326,781 in 2023[392]. - Advertising costs were $122.9 million in 2024, a decrease from $130.6 million in 2023, indicating a 5.2% reduction[315]. Shareholder Information - Dividends per share remained stable at $2.36, consistent with the previous year[266]. - The quarterly cash dividend declared in March 2025 is $0.59 per share, consistent with the amount paid in 2024[398]. - The company repurchased 11.6 million shares of common stock at a total cost of $2.7 billion during the year ended February 3, 2023[397]. Legal and Regulatory Matters - The company is currently involved in shareholder securities litigation, which could materially affect its consolidated financial statements[370]. - The company believes that its pending legal matters will be resolved without a material adverse effect on its consolidated financial statements[375]. Strategic Initiatives - The company is focused on strategic initiatives including digital initiatives and international expansion plans[14]. - The company adopted new required disclosures for supplier finance programs in fiscal 2023, enhancing transparency for investors[324]. Market and Economic Conditions - The company anticipates ongoing inflationary and labor pressures impacting its financial condition and liquidity[14]. - The annualized effect of a one percentage point increase in variable interest rates would have resulted in a pretax reduction of approximately $3.5 million in earnings and cash flows for the year 2023[253]. Inventory and Store Operations - Total merchandise inventories increased by $230,208 in 2025, compared to a decrease of $299,066 in 2024[274]. - The Company operated 20,594 stores as of January 31, 2025, with a significant concentration in the southern and midwestern United States[276]. - A total of 141 stores will be permanently closed in the first quarter of fiscal 2025, comprising 96 Dollar General and 45 pOpshelf stores[399].

Investing in top consumer brands when they offer high dividend yields can be a rewarding investment strategy. But a high yield will sometimes reflect something wrong with the business that investors should make certain is temporary before committing to buying shares.Dollar General (DG 1.16%) and The Hershey Company (HSY -1.05%) are both offering high dividend yields after their stocks fell over the last year on weak financial results amid sluggish consumer spending. Here's why investors can count on these c ...

Traffic Changes in VINCI Autoroutes - VINCI Autoroutes experienced a traffic increase of 2.0% in February 2025 compared to February 2024, with a year-to-date (YTD) increase of 5.6% at the end of February [2] - Light vehicle traffic rose by 3.1% in February and 6.3% YTD, while heavy vehicle traffic decreased by 3.1% in February but increased by 2.4% YTD [2] - The traffic increase was influenced by a favorable comparison basis due to disruptions from farmers' blockades in February 2024, and a negative calendar effect from the leap year in 2024 [2] Traffic Changes in VINCI Airports - VINCI Airports reported a 4.2% increase in passenger traffic in February 2025 compared to February 2024, with a YTD increase of 6.7% [3] - Notable increases in passenger traffic were observed in Hungary (+16% in February), Japan (+9.3%), and Cambodia (+24%), while the United States and Dominican Republic saw declines of -6.2% and -13% respectively [3] - The overall increase in passenger traffic reflects a recovery trend across most airports in the VINCI network [3] Commercial Movements in VINCI Airports - Commercial movements (ATM) at VINCI Airports increased by 3.1% in February 2025 and 4.9% YTD [5] - Significant growth in commercial movements was noted in Cambodia (+21%) and Cabo Verde (+23%), while the Dominican Republic experienced a decline of -19% [5] - The data indicates a positive trend in commercial activities across various regions, contributing to the overall performance of VINCI Airports [5]

Core Viewpoint - VINCI SA has conducted share buybacks from March 10 to March 14, 2025, under the authorization from the General Meeting held on April 9, 2024, in compliance with share buyback regulations [2]. Group 1: Share Buyback Transactions - Total shares purchased during the period amounted to 364,400 shares, with an aggregated daily weighted average price of €116.1422 [2]. - The daily breakdown of share purchases is as follows: - March 10: 72,000 shares at an average price of €116.411 [2]. - March 11: 74,000 shares at an average price of €115.413 [2]. - March 12: 72,000 shares at an average price of €115.962 [2]. - March 13: 72,000 shares at an average price of €116.034 [2]. - March 14: 72,000 shares at an average price of €116.886 [2]. Group 2: Market Details - The transactions were executed across multiple markets, including XPAR, CEUX, AQEU, and TQEX [2]. - The highest daily weighted average price recorded during the buyback period was €116.933504 on March 14 [2].

Group 1 - The 2024 Universal Registration Document of VINCI is now available in English on the Group's website [2] - VINCI operates in concessions, energy, and construction, employing over 285,000 people in more than 120 countries [2] - The company focuses on designing, financing, building, and operating infrastructure and facilities to improve daily life and mobility [2] Group 2 - VINCI is committed to operating in an environmentally, socially responsible, and ethical manner [2] - The company aims to create long-term value for customers, shareholders, employees, partners, and society [2]

Financial Data and Key Metrics Changes - Net sales increased by 4.5% to $10.3 billion in Q4 compared to $9.9 billion in the same quarter last year, marking the first time the company achieved fiscal year sales exceeding $40 billion [10][84] - Same-store sales rose by 1.2%, driven entirely by a 2.3% increase in average transaction amount, despite a 1.1% decline in customer traffic [11][86] - Gross profit as a percentage of sales was 29.4%, a decrease of 8 basis points, primarily due to increased markdowns and distribution costs [27][101] - Operating profit decreased by 49% to $294 million, with a negative impact of approximately $232 million from impairment charges related to the portfolio review [31][104] - EPS for the quarter decreased by 52.5% to $0.87, including a negative impact of approximately $0.81 per share from the portfolio review [32][105] Business Line Data and Key Metrics Changes - The consumable category drove the comp sales increase, while declines were noted in seasonal home and apparel categories [12][86] - The company closed 96 Dollar General stores and identified 51 Pop Shelf store closures, optimizing resource allocation [17][93] Market Data and Key Metrics Changes - The company continued to grow market share in both consumable and non-consumable product sales during Q4 [11][85] - Customer financial situations have worsened due to ongoing inflation, impacting traffic and spending behavior [13][87] Company Strategy and Development Direction - The company is focused on back-to-basics initiatives to enhance in-store experiences and optimize operations [16][58] - Plans for 2025 include net sales growth of 3.4% to 4.4%, same-store sales growth of 1.2% to 2.2%, and EPS guidance of $5.10 to $5.80 [36][110] - The company aims to increase non-consumable sales mix by at least 100 basis points by the end of 2027 [70] Management's Comments on Operating Environment and Future Outlook - Management does not anticipate improvement in the macro environment for core customers entering 2025, emphasizing the need for value and convenience [14][88] - The company is optimistic about mitigating tariff impacts and is closely monitoring economic headwinds [15][89] - Management expressed confidence in the long-term growth framework and the strength of the business model [54][55] Other Important Information - The company generated cash flows from operations of $3 billion in 2024, an increase of 25% driven by improved working capital management [33][107] - Capital expenditures for 2024 were $1.3 billion, with plans for approximately 4,885 real estate projects in 2025 [34][112] Q&A Session Summary Question: What are the expectations for sales growth in 2025? - The company expects net sales growth in the range of 3.4% to 4.4% and same-store sales growth of 1.2% to 2.2% [36][110] Question: How is the company addressing the impact of inflation on customers? - Management acknowledged the ongoing financial pressures on customers and emphasized the commitment to providing value and convenience [14][88] Question: What are the plans for store openings and remodels in 2025? - The company plans to open 575 new stores and execute 2,000 full remodels, along with 2,250 Project Elevate remodels [112]

Discount retailer Dollar General Corp (NYSE:DG) is surging this morning, up 6% at $79.35, after reporting strong fourth-quarter earnings. The company posted earnings of $1.68 per share on revenue of $10.3 billion, exceeding Wall Street expectations. Despite plans to close 96 general stores and 45 pOpshelf locations this quarter, options traders are piling into the stock following the results.Options volume is running hot, with 9,079 calls and 8,254 puts exchanged so far -- triple the average daily volume. T ...

Dollar General (DG) came out with quarterly earnings of $1.68 per share, beating the Zacks Consensus Estimate of $1.50 per share. This compares to earnings of $1.83 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12%. A quarter ago, it was expected that this discount retailer would post earnings of $0.96 per share when it actually produced earnings of $0.89, delivering a surprise of -7.29%.Over the last four quarters, the comp ...

Financial Performance - Fourth quarter net sales increased 4.5% to $10.3 billion compared to $9.9 billion in the fourth quarter of fiscal 2023[3] - Fiscal year net sales increased 5.0% to $40.6 billion compared to $38.7 billion in fiscal 2023[10] - Fourth quarter same-store sales increased 1.2%, while fiscal year same-store sales increased 1.4%[7] - Operating profit for the fourth quarter decreased 49.2% to $294.2 million, and fiscal year operating profit decreased 29.9% to $1.7 billion[6][13] - Diluted EPS for the fourth quarter decreased 52.5% to $0.87, and fiscal year diluted EPS decreased 32.3% to $5.11[9][15] - Net income for the year ended January 31, 2025, decreased to $1,125,253, representing 2.77% of net sales, down from $1,661,274 or 4.29% in 2024[38] - Operating profit for the quarter ended January 31, 2025, was $294,206, a decline of 49.1% from $579,654 in the same quarter of 2024[40] - Selling, general and administrative expenses for the year ended January 31, 2025, increased to $10,303,423, accounting for 25.37% of net sales, compared to 23.97% in 2024[38] - The gross profit margin for the year ended January 31, 2025, was 29.59%, down from 30.29% in 2024[40] - Interest expense for the year ended January 31, 2025, was $274,320, representing 0.68% of net sales, compared to 0.84% in 2024[38] Store Operations - The company plans to close 96 Dollar General stores and 45 pOpshelf stores as part of a store portfolio optimization review[17] - The company opened 725 new stores and remodeled 1,621 stores during fiscal 2024[19] - The company opened 725 new stores in the year ended January 31, 2025, bringing the total store count to 20,594, a net increase of 608 stores[42] - Dollar General has 20,594 stores across the U.S. and Mexico, providing a wide range of essential products[31] Future Outlook - For fiscal 2025, the company expects net sales growth in the range of approximately 3.4% to 4.4% and same-store sales growth in the range of approximately 1.2% to 2.2%[24] - Capital expenditures for fiscal 2025 are projected to be in the range of $1.3 billion to $1.4 billion[24] - The long-term financial framework targets net sales growth of approximately 3.5% to 4% and same-store sales growth of approximately 2% to 3% by 2026[25] - Future outlook includes potential challenges from economic factors such as inflation and changes in consumer spending patterns[28] - The company is focused on optimizing its store portfolio and expanding its market presence through new store development and international expansion initiatives[28] Asset and Liability Management - As of January 31, 2025, Dollar General's total assets increased to $31.13 billion from $30.80 billion as of February 2, 2024, reflecting a growth of approximately 1.1%[34] - The company's cash and cash equivalents rose to $932.58 million, up from $537.28 million, indicating a significant increase of 73.5%[34] - Merchandise inventories decreased to $6.71 billion from $6.99 billion, a decline of about 4.1%[34] - Total current liabilities increased slightly to $6.87 billion from $6.73 billion, representing an increase of approximately 2.1%[34] - Retained earnings grew to $3.41 billion, up from $2.80 billion, marking an increase of around 22%[34] - The company reported a current portion of long-term obligations of $519.46 million, down from $768.65 million, a decrease of approximately 32.4%[34] - Dollar General's long-term obligations decreased to $5.72 billion from $6.23 billion, a reduction of about 8.1%[34] Sales Performance - Net sales for the quarter ended January 31, 2025, increased by 4.5% to $10,304,498 compared to $9,858,514 for the same quarter in 2024[40] - Consumables sales for the year ended January 31, 2025, increased by 6.5% to $33,370,910 compared to $31,342,595 in 2024[40] - Cash provided by operating activities for the year ended January 31, 2025, was $2,996,064, an increase from $2,391,798 in 2024[38]

Summary of the 2025-2026 Share Buy-Back Programme Core Viewpoint The company VINCI is proposing a share buy-back programme for the period of 2025-2026, aimed at enhancing shareholder value through various strategic objectives, including employee share ownership plans, share cancellation, and market liquidity management. Group 1: Programme Details - The share buy-back programme allows for the purchase of up to 10% of the company's share capital over an 18-month period from April 17, 2025, to October 16, 2026 [4][27]. - The maximum purchase price per share is set at €150, with a total maximum amount of purchases authorized at €5 billion [4][11][22]. - The programme includes the possibility of using derivatives and recognizes the cost of any derivatives in the maximum amount authorized at the time they are put in place [2][4][29]. Group 2: Objectives of the Programme - The primary objectives include sales or transfers of shares to eligible employees and company officers, cancellation of shares, and ensuring market liquidity through a liquidity agreement [3][4][6]. - Additional objectives involve fulfilling obligations related to securities giving access to the company's share capital and implementing market practices accepted under current laws [6][7][10]. Group 3: Legal Framework and Governance - The programme is structured in compliance with the French Commercial Code and will be submitted for approval at the Shareholders' General Meeting on April 17, 2025 [9][18]. - The Board of Directors is granted full powers to execute the buy-back programme, including the ability to delegate these powers [15][16][19]. - The company will ensure that it does not exceed the buy-back ceiling of 10% of the share capital during the programme's term [23][24].