Dollar General Corp (MEX:DGG)
MXN 1444 0 (0%) Market Cap: 322.00 Bil Enterprise Value: 671.39 Bil PE Ratio: 11.76 PB Ratio: 2.13 GF Score: 64/100
Back to the Transcripts List

Q1 2024 Dollar General Corp Earnings Call Transcript

May 30, 2024 / 02:00PM GMT
Release Date Price: MXN2165 (-9.45%)

Key Points

Positve
  • Net sales increased by 6.1% to $9.9 billion in Q1 2024.
  • Same-store sales increased by 2.4%, surpassing the top end of Q1 guidance.
  • Opened 197 new stores during the quarter, expanding community reach.
  • Significant reduction in inventory levels, improving cash flow from operations by 247%.
  • Positive customer feedback on the removal of self-checkout, enhancing customer engagement.
Negative
  • Gross profit as a percentage of sales decreased by 145 basis points due to increased shrink and markdowns.
  • Shrink continues to be a significant headwind, worse than initially expected.
  • Promotional environment has intensified, potentially impacting margins.
  • Operating profit decreased by 26.3% to $546 million.
  • EPS for the quarter decreased by 29.5% to $1.65.
Operator

Good morning. My name is Donna and I will be your conference operator today. At this time, I would like to welcome everyone to the Dollar General First Quarter 2024 Earnings Call. Today is Thursday, May 30, 2024. (Operator Instructions) Today's call is being recorded. Instructions for listening to the replay of the call are available in the company's earnings press release issued this morning.

I would now like to turn the conference over to Mr. Kevin Walker, Vice President of Investor Relations. Kevin, you may begin your conference.

Kevin Walker
Dollar Tree Inc - Vice President of Investor Relations

Thank you and good morning, everyone. On the call with me today are Todd Vasos, our CEO; and Kelly Dilts, our CFO. Our earnings release issued today can be found on our website at investor.dollargeneral.com under News and Events. Let me caution you that today's comments include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, such as statements about our financial guidance, strategy, initiatives, plans, goals,

Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2025 GuruFocus.com, LLC. All Rights Reserved.