DG - Why Variety Stores Chain Dollar General's Shares Are Shooting Higher Today | Benzinga
Dollar General Corp (NYSE: DG) reported third-quarter FY23 sales growth of 2.4% year-on-year to $9.69 billion, beating the analyst consensus estimate of $9.65 billion.
Same-store sales decreased 1.3% versus last year, driven by a decline in average transaction amount, partially offset by an increase in customer traffic.
The gross profit margin for the quarter decreased 150 basis points Y/Y to 29%. The operating margin compressed from 7.77% to 4.47%, and operating income for the quarter declined 41.1% to $433.5 million.
The company held $365.4 million in cash and equivalents as of November 3, 2023. Year-to-date operational cash flow totaled $1.4 ...