Dollar General Corporation

DG

Equity

ISIN US2566771059 / Valor 10715003

New York Stock Exchange, Inc (2024-12-24)

USD 74.64+0.03%

Dollar General Corporation
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About company

Dollar General Corporation is a discount retailer that operates a chain of variety stores offering a wide range of household goods, groceries, and other everyday essentials at affordable prices.

Summarized from source with an LLMView SourceSector: Consumer Services

Net Sales Growth

In the third quarter of 2024, Dollar General Corporation reported a net sales increase of 5.0%, reaching $10.2 billion compared to $9.7 billion in the same quarter of 2023. This growth was driven by contributions from new stores and an increase in same-store sales, despite some impact from store closures.

Same-Store Sales Performance

Dollar General Corporation's same-store sales rose by 1.3% in the third quarter of 2024. This increase was attributed to a 1.1% rise in the average transaction amount and a 0.3% increase in customer traffic, with growth primarily in the consumables category.

Operating Profit Decline

The operating profit for Dollar General Corporation in the third quarter of 2024 decreased by 25.3% to $323.8 million, down from $433.5 million in the third quarter of 2023. This decline was influenced by increased SG&A expenses, including $32.7 million in hurricane-related costs.

Diluted EPS and Net Income

Dollar General Corporation's diluted earnings per share (EPS) fell by 29.4% to $0.89 in the third quarter of 2024, compared to $1.26 in the same period of 2023. The company's net income also decreased by 28.9% to $196.5 million from $276.2 million in the previous year.

Dividend Declaration

On December 4, 2024, Dollar General Corporation's Board of Directors declared a quarterly cash dividend of $0.59 per share. This dividend is payable on or before January 21, 2025, to shareholders of record as of January 7, 2025, reflecting the company's commitment to returning value to its shareholders.

Summarized from source with an LLMView Source

Key figures

-43.5%1Y

-66.3%3Y

-52.2%5Y

Performance

49.9%1Y

40.2%3Y

35.3%5Y

Volatility