2024

Strong

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div>
<p class="has-drop-cap">Dollar General Corporation (NYSE: DG) recently unveiled its financial outcomes for the <a aria-label="fourth quarter (opens in a new tab)" href="https://investor.dollargeneral.com/websites/dollargeneral/English/2120/us-press-release.html?airportNewsID=977d63ef-cf4e-4b0b-bd80-624b382724f6" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">fourth quarter</a> and fiscal year ending February 2, 2024. Dollar General reported a decrease in net sales by 3.4% to $9.9 billion in the fourth quarter of fiscal 2023, compared to $10.2 billion in the same period last year. <br><br>The decline primarily resulted from the previous year’s inclusion of a 53rd week, contributing $678.1 million in net sales, coupled with the impact of store closures. However, this was partially offset by positive sales contributions from new stores and a 0.7% increase in same-store sales, attributed to heightened customer traffic. <br><br>Despite these challenges, the company’s gross profit as a percentage of net sales decreased to 29.5%, primarily due to increased shrink, inventory markdowns, and a shift in sales mix towards consumables, which typically carry a lower gross profit rate.</p>
<h3 id="dollar-general-beats-expectations-in-q4">Dollar General Beats Expectations in Q4</h3>
<p>Dollar General’s fourth-quarter performance demonstrated resilience amidst operational headwinds, though it fell short of the anticipated earnings per share (<a href="https://tokenist.com/investing/fundamental-analysis-stocks/" rel="noopener noreferrer nofollow" class="deco-link">EPS</a>) of $1.72 and revenue expectations of $9.76 billion. <br><br>The reported diluted EPS of $1.83 surpassed expectations, showcasing the company’s ability to maintain profitability despite a challenging retail environment. The slight shortfall in revenue, attributed to the reduction in net sales, underscores the impact of strategic store closures and the cyclic nature of the retail sector. However, the company’s ability to drive same-store sales growth amidst these challenges speaks to the effectiveness of its operational strategies and the loyalty of its customer base.</p>
<div class="cta-referral"><img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async">
 <div class="cta-referral__text">
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">Telegram group&nbsp;and never miss a breaking story.</a></p>
 </div>
</div>
<h3 id="guidance">Guidance</h3>
<p>Looking forward, Dollar General provided financial guidance for the fiscal year 2024, projecting net sales growth in the range of approximately 6.0% to 6.7% and same-store sales growth between 2.0% to 2.7%. The company anticipates diluted EPS to be in the range of approximately $6.80 to $7.55. <br><br>This guidance reflects the company’s confidence in its strategic initiatives and its ability to navigate the operational challenges posed by the current market environment. Dollar General plans to continue its expansion and remodeling efforts, with approximately 2,385 real estate projects slated for fiscal year 2024, including 800 new store openings. This aggressive expansion strategy underscores the company’s commitment to growth and its belief in the long-term viability of its business model.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p>
<h3 id="br"><br></h3>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/dollar-general-dg-surpasses-q4-expectations-with-1-83-eps-eyes-strong-growth-in-2024/">Dollar General (DG) Surpasses Q4 Expectations with $1.83 EPS, Eyes Strong Growth in 2024</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Dollar General (DG) Surpasses Q4 Expectations with $1.83 EPS, Eyes Strong Growth in 2024

Table of Contents

Tokenist

Other articles published on Mar 14, 2024

Bitcoin Surge Fueled by Retail and Speculative Institutional Players, JPMorgan Claims

Top Altcoins To Watch Out for in the 2024 Bull Market – Cardano, Pepe, and NuggetRush

Shiba Inu Digadang Akan Pimpin Bull Pasar Kripto, Ini Alasannya

Jack Dorsey’s Block Launches Next-Gen Bitcoin Hardware Wallet

Bitcoin Falls More Than 4% In 24 hours

Penn Medicine Commits to Transparent Use of AI in Healthcare

Join our free newsletter for daily crypto updates!