Dollar General Announces Fourth Quarter Financial Results | Financial Buzz

Dollar General Announces Fourth Quarter Financial Results

Dollar General helps shoppers Save time. Save money. Every day!® by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares and seasonal items at everyday low prices in convenient neighborhood locations.

Dollar General Corporation (NYSE: DG) has announced financial results for the fourth quarter and fiscal year 2019.  For the fourth quarter, net sales increased 7.6% as fiscal year net sales rose by 8.3%.  Operating profit for the fourth quarter reached USD 720.9 Million and increased by 12.9%. 

“We are very pleased with our fourth quarter results, capping off a strong year of performance across the Company,” said Todd Vasos, Dollar General’s chief executive officer. “Our full-year results were highlighted by double-digit diluted EPS growth, as well as our 30th consecutive year of same-store sales growth. During the fourth quarter, we delivered a healthy 3.2% increase in same-store sales, as well as strong margin performance. In addition, we executed well across many fronts, including our operating priorities and strategic initiatives.”
“Our value-and-convenience proposition continues to resonate with both new and existing customers, and our unique real estate footprint remains a competitive advantage. As we enter 2020 from a position of strength, we will continue to keep our core customer at the center of all we do, while remaining steadfast in our efforts to deliver long-term shareholder value.”

The company reported capital expenditures of USD 785 Million for FY 2019.  Share purchases in 2019 amounted to $1.2 Billion in common stock or a total of 8.3 million shares at an average value of USD 145.46 per share.  On March 11th, the company announced a quarterly cash dividend of USD .36 per share.