The company said net sales for fiscal 2024 Q1 (13 weeks) increased 6.1% to $9.9 billion, and operating profit decreased 26.3% to $546.1 million. It said same-store sales increased 2.4%.

1. 01

   The company said net sales for fiscal 2024 Q1 (13 weeks) increased 6.1% to $9.9 billion, and operating profit decreased 26.3% to $546.1 million. It said same-store sales increased 2.4%.

2. 02

   The company said its gross profit rate for Q1 was 30.2%, down 145 basis points from 31.6% a year earlier, and its SG&A ratio was 24.7%, up 97 basis points from 23.7%. It cited increased shrink and inventory markdowns as factors behind the lower gross profit rate.

3. 03

   Dollar General said net income for Q1 decreased 29.4% to $363.3 million, and diluted EPS decreased 29.5% to $1.65. It said operating cash flow for the same quarter increased 247.3% to $663.8 million.

4. 04

   The company said it maintained its full-year outlook, calling for net sales growth of approximately 6.0% to 6.7% and diluted EPS of approximately $6.80 to $7.55. It expects a total of 2,435 real estate projects, including 730 new store openings and 1,620 remodels, compared with its previous expectation of 2,385 projects.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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