DG - Dollar General Corporation (DG) Q1 2024 Earnings Call Transcript

2024-05-30 13:53:09 ET

Dollar General Corporation (DG)

Q1 2024 Results Conference Call

May 30, 2024 10:00 AM ET

Company Participants

Kevin Walker - VP of IR

Todd Vasos - CEO

Kelly Dilts - CFO

Conference Call Participants

Michael Lasser - UBS

Matthew Boss - JPMorgan

Kate McShane - Goldman Sachs

Simeon Gutman - Morgan Stanley

Paul Lejuez - Citi

Rupesh Parikh - Oppenheimer

Seth Sigman - Barclays

Scot Ciccarelli - Truist

Michael Montani - Evercore ISI

Joe Feldman - Telsey Advisor Group

Presentation

Operator

Good morning. My name is Donna, and I'll be our conference operator today. At this time, I would like to welcome everyone to the Dollar General, First Quarter 2024 Earnings Call. Today is Thursday, May 30, 2024. [Operator Instructions] Today's call is being recorded. Instructions for listening to the replay of the call are available in the company's earnings press release issued this morning.

I would now like to turn the conference over to Mr. Kevin Walker, Vice President of Investor Relations. Kevin, you may begin your conference.

Kevin Walker

Thank you, and good morning, everyone. On the call with me today, are Todd Vasos, our CEO; and Kelly Dilts, our CFO. Our earnings release issued today can be found on our website at investor.dollargeneral.com under News and Events.

Let me caution you that today's comments include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, such as statements about our financial guidance, strategy, initiatives, plans, goals, priorities, opportunities, expectations or beliefs about future matters, and other statements that are not limited to historical fact. The statements are subject to risks and uncertainties that could cause actual results to differ materially from our expectations and projections.

These factors include, but are not limited to those identified in our earnings release issued this morning under risk factors in our 2023 Form 10-K filed on March 25, 2024, and any later filed periodic report and in the comments that are made on this call. You should not unduly rely on forward looking statements which speak only as of today's date. Dollar General disclaims any obligation to update or revise any information discussed in this call, unless required by law.

At the end of our prepared remarks, we will open the call up for your questions. To allow us to address as many questions as possible in the queue. Please limit yourself to one question.

Now, it is my pleasure to turn the call over to Todd.

Todd Vasos

Thank you, Kevin, and welcome to everyone joining the call.

We are pleased with our start of the year, and I want to recognize the great work of our entire team as they have fully embraced our plan to get back to the basics at Dollar General. On today's call, I will begin by recapping some of the highlights of our Q1 performance, as well as sharing an update on some of our plans for 2024. After that, Kelly will share the details of our Q1 financial performance as well as our current outlook for Q2 and the full year, and then I will wrap up the call with an update on our work in getting back to the basics across the business....

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