earnings
confidence high
sentiment positive
materiality 0.75
DG Q3 EPS $2.08, sales $8.5B; raises FY21 guidance; adds $2B buyback; plans 1,110 new stores in FY22
DOLLAR GENERAL CORP
2021-Q3 EPS reported
$7.61
revenue$25,569,001,000
- Q3 net sales $8.5B (+3.9% YoY); diluted EPS $2.08 (-10.0% YoY); operating profit $665.6M (-13.9% YoY).
- Same-store sales -0.6% (two-year stack +11.6%); gross margin 30.8% (down 57 bps); SG&A 22.9% (up 105 bps).
- FY21 guidance raised: net sales growth ~1.0-1.5%, diluted EPS $9.90-$10.20 (prev $9.60-$10.20).
- Board authorizes additional $2.0B share repurchase; declares quarterly dividend $0.42/share payable Jan 18, 2022.
- FY22 plans: 1,110 new stores, 1,750 remodels, 120 relocations; first Mexico stores in FY22; target ~1,000 pOpshelf by end FY25.