Key Highlights from Dollar General’s Q4 2023 Earnings Report
Thursday, 14 March 2024, 17:07
Results beat estimates
Dollar General's net sales in Q4 2023 decreased 3.4% year-over-year to $9.9 billion, but beat estimates of $9.7 billion. Sales decrease was due to fewer sales weeks and store closures, offset by same-store growth.
Business performance
- DG recorded net sales declines across all categories in Q4, with consumables growing while apparel and seasonal dropped.
- Gross profit margin dropped to 29.5% in Q4 due to higher shrink and inventory markdowns.
- For Q1 2024, Dollar General expects 1.5-2.0% same-store growth and $1.50-1.60 EPS.
The full-year outlook includes net sales growth of 6.0-6.7%, same-store growth of 2.0-2.7%, and EPS range of $6.80-7.55 for 2024.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.