Dollar General Q2: EPS $2.98 (+10.8%), same-store sales +4.6%; raises FY22 guidance

DOLLAR GENERAL CORP

2022-Q2 EPS reported $5.39 revenue$18,177,065,000

Net sales $9.4B (+9.0% YoY); operating profit $913M (+7.5%); gross margin up 69bps to 32.3%.
Diluted EPS $2.98 (+10.8% YoY); same-store sales +4.6% on higher average transaction and slight traffic gain.
Board raised share repurchase authorization by $2.0B (total remaining $3.0B); declared quarterly dividend $0.55/share payable Oct 18.
CEO transition: Todd Vasos steps down Nov 1, becomes Senior Advisor through Apr 1, 2023; John Garratt promoted to President & CFO (base salary $900K).
FY22 guidance raised: net sales growth ~11% (prev. ~10-10.5%); same-store sales growth 4.0-4.5% (prev. 3.0-3.5%); EPS growth 12-14% reiterated.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Todd J. Vasos

Chief Executive Officer

DG · DOLLAR GENERAL CORP

Effective: 2022-11-01
Filed: August 25, 2022, 7:59 PM ET

Todd J. Vasos will step down from his position as Chief Executive Officer and assume a senior advisory position

Role change

John W. Garratt

President and Chief Financial Officer

DG · DOLLAR GENERAL CORP

Effective: 2022-09-01
Filed: August 25, 2022, 7:59 PM ET

the Company’s Board of Directors promoted the Company’s Executive Vice President and Chief Financial Officer, John W. Garratt, to President and Chief Financial Officer, effective September 1, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Todd J. Vasos departed as Chief Executive Officer at DOLLAR GENERAL CORP.

Action: step down
Role: Chief Executive Officer

Exact text from the filing

Todd J. Vasos will step down from his position as Chief Executive Officer and assume a senior advisory position

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

John W. Garratt changed role as President and Chief Financial Officer at DOLLAR GENERAL CORP.

Action: promoted
Role: President and Chief Financial Officer

Exact text from the filing

the Company’s Board of Directors promoted the Company’s Executive Vice President and Chief Financial Officer, John W. Garratt, to President and Chief Financial Officer, effective September 1, 2022.

View on SEC.gov

DOLLAR GENERAL CORP filing history →

Source: SEC EDGAR

accession 0001104659-22-094210

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