![]() On Dec 6, 2023, the firm announced a quarterly dividend of 59 cents per share, payable on or before Jan 23, 2024, to shareholders of record as of Jan 9, 2024. It currently predicts no share repurchases for the fiscal year. The company had $1.4 billion remaining under its authorization at the end of the quarter. For fiscal 2023, the company still anticipates capital expenditures in the band of $1.6-$1.7 billion.ĭuring the third quarter of fiscal 2023, Dollar General did not repurchase shares. Management incurred capital expenditures of $1.2 billion during the 39-week period ended Nov 3. In fiscal 2024, the company anticipates carrying out 2,385 real estate projects, including 800 store openings, 1,500 remodels and 85 store relocations.ĭollar General Corporation price-consensus-eps-surprise-chart | Dollar General Corporation Quote Other Financial Detailsĭollar General ended the quarter with cash and cash equivalents of $365.4 million, long-term obligations of $6,440.8 million and shareholders’ equity of $6,451.9 million. In the third quarter of fiscal 2023, Dollar General opened 263 stores, remodeled 545 stores and relocated 44 stores. Operating profit declined 41.1% to $433.5 million. SG&A expenses, as a percentage of net sales, increased 183 basis points to 24.5% in the quarter. The decline in the gross margin can be attributed to lower inventory markups, increased shrink and higher markdowns, partly offset by a lower LIFO provision and decreased transportation costs. Gross profit dipped 2.5% to $2,812.5 million in the reported quarter and the gross margin decreased 147 basis points to 29%. However, sales declined 0.2% to $940.6 million for Seasonal, 7% to $534.5 million for Home Products and 1.5% to $278.5 million for the Apparel category. Sales increased 3.6% year over year to $ 7,940.5 million for Consumables. Same-store sales reflected declines in the home, seasonal, consumable and apparel categories. ![]() The top line came ahead of the Zacks Consensus Estimate of $9,646 million.ĭollar General’s same-store sales fell 1.3% year over year, owing to a lower average transaction amount, partly offset by an increase in customer traffic. Net sales of $9,694.1 million rose 2.4% from the prior-year period on sales contributions from new stores, partly offset by a fall in same-store sales and the impact of store closures. The quarterly earnings came in at $1.26 per share, which beat the Zacks Consensus Estimate of $1.19 per share but decreased 45.9% from the prior-year period. This Goodlettsville, TN-based company witnessed a same-store sales decline in the quarter. Net sales grew year over year while earnings declined. Dollar General Corporation DG came up with third-quarter fiscal 2023 results, wherein both the top and bottom lines surpassed the Zacks Consensus Estimate. ![]()
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