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Dollar General Reports First Quarter 2024 Results, Hits 9.9B; Todd Vasos Comments

Dollar General Reports First Quarter 2024 Results, Hits 9.9B; Todd Vasos Comments


GOODLETTSVILLE, TN
Friday, June 7th, 2024

Another round of financial results are in, this time from discount chain Dollar General. The retailer has pulled back the curtain on its performance for the fiscal year 2024, noting that its net sales rose by 6.1 percent to $9.9 billion.

Todd Vasos, Chief Executive Officer, Dollar General“We are pleased with our start to 2024, including top and bottom-line results that exceeded our expectations in the first quarter,” said Todd Vasos, Dollar General’s Chief Executive Officer. “These results were driven by strong customer traffic growth and market share gains during the quarter, which we believe is a testament to the relevance of our unique combination of value and convenience, as well as to improved execution across our organization.”

The grocer also outlined several other key highlights in the report:

  • Same-store sales increased 2.4 percent
  • Operating profit decreased 26.3 percent to $546.1 million
  • Diluted EPS decreased 29.5 percent to $1.65
  • Cash flows from operations increased 247.3 percent to $663.8 million

Dollar General recently reported financial results for its fiscal year 2024“I want to thank our entire team for their dedication to fulfilling our mission of Serving Others every day. Because of their efforts, we continue to make progress executing on our Back to Basics strategy, which we believe is resonating positively with our customers in the store. Looking ahead, we continue to focus on actions designed to enhance the way we support our teams and serve our customers while creating sustainable long-term value for our shareholders,” Vasos continued.

Click here to read the report in its entirety.

As always, leave a tab open to Deli Market News for the latest retail updates.

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