Dollar General Corporation Unveils Third Quarter 2024 Results

Giving us a closer look at several elements of its quarterly growth, Dollar General Corporation reported financial results for its fiscal 2024 third quarter (13 weeks) ended November 1, 2024.

“We are pleased with our team’s execution in the third quarter, particularly in light of multiple hurricanes that impacted our business,” said Todd Vasos, Dollar General’s Chief Executive Officer. “We are proud of the way our team responded to serve our communities, demonstrating the commitment and dedication to fulfilling our mission of Serving Others that is pervasive throughout our organization.”

According to a press release, quarterly highlights include:

• Net Sales Increased 5 percent to $10.2 Billion
• Same-Store Sales Increased 1.3 percent
• Selling, General and Administrative Expenses (“SG&A”) Included $32.7 Million of Hurricane-Related Expenses
• Operating Profit Decreased 25.3 percent to $323.8 Million
• Diluted Earnings Per Share (“EPS”) Decreased 29.4 percent to $0.89
• Year-to-Date Cash Flows From Operations Increased 52.2 percent to $2.2 Billion
• Company Announces Project Elevate Initiative to Expand Mature Store Remodel Program
• Board of Directors Declares Quarterly Cash Dividend of $0.59 Per Share

“While we continue to operate in an environment where our core customer is financially constrained, we delivered same-store sales near the top end of our expectations for the quarter. We believe our Back to Basics efforts contributed to these results, as we have continued to improve our execution and the customer experience in our stores,” Vasos added. “Looking ahead, we are excited about our robust real estate plans for 2025. We believe our balance of new store growth and a significantly increased number of projects impacting our mature store base will further solidify Dollar General as an essential partner to communities in rural America, while strengthening our foundation to drive long-term sustainable growth and shareholder value.”

To access the full financial report, click here.

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