DG - Why Variety Store Chain Dollar General's Shares Are Surging Today | Benzinga
Dollar General Corp (NYSE:DG) shares are trading higher after the company reported a four-quarter FY23 sales decline of 3.4% year-on-year to $9.858 billion, beating the analyst consensus estimate of $9.783 billion.
The decrease in net sales was primarily driven by the period containing one week less of sales than the prior year.
Same-store sales increased 0.7% versus last year, by an increase in customer traffic, partially offset by a decrease in average transaction amount.
The gross profit margin for the quarter decreased 138 basis points Y/Y to 29.5%. The operating margin compressed from 9.15% to 5.88%, and operating income for the quarter declined 37.9% to $579.7 million.
EPS of $1.83 beat the consensus estimate of $1.75.
The company held $537.3 million in cash and equivalents as of February 2, 2024. Operational cash ...