$DG (+1,64%)
| Dollar General Q3 Earnings Highlights:

🔹 EPS: $0.89 (Est. $0.95) 🔴; DOWN -29.4% YoY

🔹 Revenue: $10.2B (Est. $10.14B) 🟢; UP +5% YoY

🔹 Same-Store Sales: +1.3%

🔹 Operating Profit: $323.8M (DOWN -25.3% YoY; Est. $341.2M) 🔴

FY24 Guidance:

🔹 EPS: $5.50-$5.90 (Prior: $5.50-$6.20; Est. $5.82) 🔴

 🔹 Net Sales Growth: 4.8%-5.1% (Prior: 4.7%-5.3%) 🔴

🔹 SSS Growth: 1.1%-1.4% (Prior: 1.0%-1.6%) 😕

🔹 Capital Expenditures: $1.3B-$1.4B

🔹 Real Estate Projects: 2,435, including 730 new stores, 1,620 remodels, and 85 relocations.

Margins:

🔹 Gross Margin: 28.8% (Est. 28.4%) 🟢; DOWN 18 bps YoY

🔹 SG&A as % of Revenue: 25.7% (Est. 24.8%) 🔴; UP 111 bps YoY

Operational Highlights:

🔹 New Store Openings: 207

🔹 Store Remodels: 434

🔹 Store Relocations: 27

🔹 Square Footage Growth: +5.1%

🔹 Inventory: $7.1B; DOWN -7% YoY

Year-to-Date Financials:

🔹 Cash Flow from Operations: $2.2B; UP +52.2% YoY

🔹 Capital Expenditures: $1B (Investments in new stores, remodels, and technology).

Dividend and Share Repurchases:

🔹 Dividend: Quarterly dividend of $0.59/share, payable on January 21, 2025.

🔹 Share Repurchases: No repurchases during Q3; $1.4B remaining under authorization. 😕

FY2025 Plans:

🔹 Real Estate Projects: ~4,885, including:

🔹 575 new U.S. stores (up to 15 in Mexico).

🔹 2,000 full remodels.

🔹 2,250 "Project Elevate" remodels (targeting mature stores).

🔹 45 relocations.

Strategic Initiatives:

🔸 "Project Elevate" introduced for lighter remodels in mature stores to improve customer experience and drive sales.

🔸 Continued investment in consumables category and operational efficiency.

CEO Commentary:

🔸 "Despite challenges, including hurricane-related impacts, we delivered solid sales and took steps to enhance execution. Our Back to Basics initiative and robust real estate plans position us for long-term growth and shareholder value." – Todd Vasos, CEO