GOODLETTSVILLE, TN - Dollar General recently reported financial results for its fiscal year 2024. One highlight of the report is that net sales increased 6.1 percent to $9.9 billion.
“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.”
Several other highlights from the report are listed below:
- 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
“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.
To read the report in its entirety, click here.
