Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products comprising paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food products, such as cereals, canned soups and vegetables, condiments, spices, sugar, and flour; perishables consisting of milk, eggs, bread, refrigerated and frozen food, beer, and wine; snacks that comprise candies, cookies, crackers, salty snacks, and carbonated beverages; health and beauty products, such as over-the-count...
100 Mission Ridge
Goodlettsville, TN 37072
Founded in 1939
Dollar General Corporation Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended November 03, 2017; Revises Earnings Guidance for the Year Ending February 2, 2018
Dec 7 17
Dollar General Corporation announced unaudited consolidated earnings results for third quarter and nine months ended November 03, 2017. For the quarter, the company reported net sales of $5,903,606,000 against $5,320,029,000 a year ago. Same-store sales increased 4.3%, attributable to increases in average transaction amount and customer traffic, including an estimated 30 to 35 basis point net benefit from hurricane-related sales. Operating profit was $417,431,000 against $392,991,000 a year ago. Income before income taxes was $393,436,000 against $369,114,000 a year ago. Net income was $252,533,000 against $235,315,000 a year ago. Basic and diluted EPS was $0.93 against $0.84 a year ago.
For the nine months, the company reported net sales of $17,341,536,000 against $15,977,352,000 a year ago. Same-store sales increased 2.6%, attributable to increases in average transaction amount and customer traffic. When compared to the 2016 39-week period, same-store sales increases were driven by positive results in the consumables, seasonal and apparel categories, partially offset by negative results in the home products category. Same-store sales results in the three non-consumables categories, when aggregated, were positive. The net sales increase was also positively affected by sales from new stores, modestly offset by sales from closed stores. Operating profit was $1,384,372,000 against $1,382,831,000 a year ago. Income before income taxes was $1,308,123,000 against $1,310,521,000 a year ago. Net income was $826,805,000 against $836,957,000 a year ago. Basic and diluted EPS was $3.02 against $2.95 a year ago. Net cash provided by operating activities of $1,142,880,000 against $1,124,414,000 a year ago. Purchases of property and equipment were $488,616,000 against $405,899,000 a year ago.
For the year ending February 2, 2018, the company expected GAAP diluted earnings per share to $4.37 to $4.47, compared to its prior guidance range of $4.35 to $4.50. The current diluted earnings per share guidance range now includes the estimated net negative impact on the third quarter diluted earnings per share results of $0.05 related to the hurricanes. Fiscal 2017 net sales growth of approximately 7%, compared to its prior guidance range of five to 7% growth, Fiscal 2017 same-store sales growth of approximately 2.5%, compared to its prior expectation that same-store sales would fall at the upper end of the range of slightly positive to up 2%, and capital expenditures between $700 million and $750 million, compared to its prior guidance range of $715 million to $765 million.
Dollar General Corporation Declares Quarterly Cash Dividend for the Fourth Quarter of 2017, Payable on January 23, 2018
Dec 7 17
The Board of Directors of Dollar General Corporation declared a quarterly cash dividend of $0.26 per share, on the Company's common stock for the fourth quarter of 2017, payable on January 23, 2018 to shareholders of record at the close of business on January 9, 2018.