earnings
confidence high
sentiment negative
materiality 0.85
Dollar General Q1 net sales +6.1% to $9.9B, but operating profit -26.3%, diluted EPS -29.5% to $1.65
DOLLAR GENERAL CORP
2024-Q1 EPS reported
$1.65
revenue$9,914,021,000
- Same-store sales +2.4% on customer traffic growth; gross margin fell 145 bps to 30.2% due to shrink and mix.
- Cash from operations surged 247.3% to $663.8M; board declared $0.59/share dividend payable July 23.
- FY24 guidance reiterated: net sales +6.0-6.7%, same-store sales +2.0-2.7%, diluted EPS $6.80-$7.55, capex $1.3-$1.4B.
- Q2 guidance: same-store sales low 2% range, diluted EPS $1.70-$1.85.
- Real estate plan updated: 730 new stores, 1,620 remodels, 85 relocations (total 2,435 projects).