Dollar General Reports FY2024 Q3 Earnings Results for October 31 2023
December 12, 2023
🌥️Earnings Overview
On December 7 2023, DOLLAR GENERAL ($NYSE:DG) reported its earnings results for the third quarter of FY2024, which ended on October 31 2023. Revenue totaled USD 9694.1 million, a 2.4% increase year-over-year. However, net income decreased by 47.5%, amounting to USD 276.2 million.
Share Price
On Thursday, October 31st, 2023, Dollar General reported their third-quarter earnings results for the fiscal year 2024. The stock opened at $139.2 and closed at $132.3, down by 1.2% from the prior closing price of 133.9. This resulted in a decrease in share price for the day.
Overall, it was a mixed earnings report for Dollar General as the company missed expectations on earnings per share but still managed to exceed revenue estimates. The stock will likely continue to be volatile in the coming weeks as investors assess the report and its implications for the future of the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Dollar General. More…
| Total Revenues | Net Income | Net Margin |
| 39.04k | 1.92k | 4.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Dollar General. More…
| Operations | Investing | Financing |
| 2.18k | -1.72k | -460.6 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Dollar General. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 30.62k | 24.17k | 29.4 |
Key Ratios Snapshot
Some of the financial key ratios for Dollar General are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.3% | -6.3% | 7.2% |
| FCF Margin | ROE | ROA |
| 1.2% | 27.5% | 5.7% |
Analysis
At GoodWhale, we have conducted an analysis of DOLLAR GENERAL‘s financials. Our Star Chart shows that the company is strong in asset, dividend, profitability, and medium in growth. When evaluating the company’s health score, we give DOLLAR GENERAL a 8/10, indicating that it is capable of weathering any crisis without the risk of bankruptcy. DOLLAR GENERAL can be classified as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Given its strong financial health and moderate growth, DOLLAR GENERAL may be an attractive investment option for many types of investors. Those looking to invest in stable companies or those seeking moderate long-term growth may find particular value in DOLLAR GENERAL. Moreover, those interested in regular dividend payments may also benefit from this type of investment. More…
Peers
Dollar General Corp and its competitors, Dollar Tree Inc, Walmart Inc, Target Corp, are all vying for a share of the retail market. Dollar General has been able to stay ahead of the competition by offering a variety of products at a lower price point.
However, the other companies are not far behind and are constantly innovating to try and win over customers. It is an ongoing battle to see who can provide the best value to shoppers.
– Dollar Tree Inc ($NASDAQ:DLTR)
Dollar Tree is a company that operates at a low margin, high volume business model. The company offers a wide variety of merchandise at a low price point of $1.00. The company has a market cap of $35.49B as of 2022 and a ROE of 15.97%. The company has been able to grow its earnings at a double-digit rate over the past few years.
– Walmart Inc ($NYSE:WMT)
Walmart Inc is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. Headquartered in Bentonville, Arkansas, the company was founded by Sam Walton in 1962 and incorporated on October 31, 1969. As of January 31, 2020, Walmart has 11,484 stores and clubs in 27 countries, operating under 55 different names. The company operates under the name Walmart in the United States and Canada, as Walmart de México y Centroamérica in Mexico and Central America, as Asda in the United Kingdom, as the Seiyu Group in Japan, and as Best Price in India. It has wholly owned operations in Argentina, Chile, Canada, and South Africa. Since August 2018, Walmart only holds a minority stake in Walmart Brasil, with 20% of the company’s shares, and private equity firm Advent International holding 80% ownership of the company.
– Target Corp ($NYSE:TGT)
Target Corp is a large retail company with a market cap of 75.6B as of 2022. The company has a return on equity of 34.09%. Target Corp is a retailer that sells a variety of products including clothing, electronics, and home goods. The company has over 1,800 stores in the United States and also has an online store. Target is a publicly traded company and its ticker symbol is TGT.
Summary
DOLLAR GENERAL recorded a total revenue of USD 9694.1 million in their fiscal year 2023 Q3, a 2.4% increase compared to the previous year. Net income, however, decreased 47.5% to USD 276.2 million. From an investing perspective, the revenue boost signals better performance than the decline in net income, potentially indicating that the company is investing more into its operations. Investors should monitor future quarters to see if the investments pay off, and whether DOLLAR GENERAL can continue to increase its revenue and net income.
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