earnings
confidence high
sentiment negative
materiality 0.85
Dollar General Q2 EPS down 20.2% to $1.70; FY2024 guidance cut sharply
DOLLAR GENERAL CORP
2024-Q2 EPS reported
$3.35
revenue$20,124,382,000
- Diluted EPS fell 20.2% to $1.70; net income $374.2M vs $468.8M YoY.
- Net sales up 4.2% to $10.2B; same-store sales +0.5% driven by traffic, offset by lower average ticket.
- Operating profit down 20.6% to $550.0M; gross margin contracted 112 bps to 30.0%.
- FY2024 guidance cut: diluted EPS now $5.50-$6.20 (vs prior $6.80-$7.55); same-store sales growth lowered to 1.0%-1.6%.
- Board declared quarterly dividend of $0.59/share; director Patricia Fili-Krushel resigned effective Aug 29 (no disagreement).