2Mesยท

$DG (+1,56%) | Dollar General Q2 Earnings Highlights:


๐Ÿ”น EPS: $1.70 (Est. $1.80) ๐Ÿ”ด

๐Ÿ”น Revenue: $10.21B (Est. $10.38B) ๐Ÿ”ด

๐Ÿ”ธ No Share Repurchases Planned for FY'24


CUTS FY'25 Guidance:ย 

๐Ÿ”น EPS: $5.50-$6.20 (Prev: $6.80-$7.55; Est. $7.12) ๐Ÿ”ด

๐Ÿ”น Net Sales Growth: 4.7%-5.3% (Prev: 6.0%-6.7%) ๐Ÿ”ด

๐Ÿ”น Same-Store Sales Growth: 1.0%-1.6% (Prev: 2.0%-2.7%) ๐Ÿ”ด


Key Metrics and Performance:ย 

๐Ÿ”น Net Sales Increase: 4.2% YoY to $10.2B

๐Ÿ”น Same-Store Sales Increase: 0.5% YoY

๐Ÿ”น Operating Profit: $550M (DOWN 20.6% YoY)

๐Ÿ”น Net Profit: $374.2M (DOWN 20.2% YoY)

๐Ÿ”น Gross Profit Margin: 30.0% (DOWN 112 basis points YoY)

๐Ÿ”น SG&A Expenses: 24.6% of net sales (UP 57 basis points YoY)

๐Ÿ”น Cash Flows from Operations: $1.7B year-to-date


Operational Highlights:ย 

๐Ÿ”น Merchandise Inventories: $7.0B (DOWN 11.0% on a per-store basis YoY)

๐Ÿ”น Capital Expenditures: $696M year-to-date

๐Ÿ”น Store Openings: 213 new stores; 478 remodels; 25 relocations

๐Ÿ”น Dividend: $0.59 per share, payable October 22, 2024


CEO Todd Vasos' Commentary:ย 

๐Ÿ”ธ "Despite advancing several of our operational goals and driving positive traffic growth, we are not satisfied with our financial results, including top-line results below our expectations for the quarter. We are taking decisive action to enhance our value and convenience offering and improve the in-store experience."


Strategic Actions and Outlook:ย 

๐Ÿ”ธ Focus on Back to Basics Plan: Enhancing operational efficiency and customer experience

๐Ÿ”ธ Adapting to Softer Sales Trends: Responding to core customers' financial constraints

๐Ÿ”ธ No Share Repurchases Planned for FY 2024: Continuing to prioritize financial flexibility

๐Ÿ”ธ Store Growth Outlook: 730 new store openings, 1,620 remodels, and 85 relocations for FY 2024

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2 Commenti

immagine del profilo
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1
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immagine del profilo
Holla. I wasn't expecting anything good, but well, sometimes things turn out worse than you think :D
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