Dollar(DG) - 2025 Q4 - Annual Results

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$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$5.11[9][15] - Net income for the year ended January 31, 2025, decreased to $1,125,253, representing 2.77$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$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$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]