Latest News by Industry
Updates Financial Guidance for Fiscal Year 2021
Provides Fiscal Year 2022 Real Estate Growth Plans, Including Initial Expansion Outside the U.S.
Announces Target of Approximately 1,000 pOpshelf Stores by End of Fiscal 2025
GOODLETTSVILLE, Tenn.--(BUSINESS WIRE)--December 2, 2021--Dollar General Corporation (NYSE: DG) today reported financial results for its fiscal year 2021 third quarter (13 weeks) ended October 29, 2021.
Net Sales Increased 3.9% to $8.5 Billion
Same-Store Sales Decreased 0.6%; Increased 11.6% on a two-year stack basis1
Operating Profit of $665.6 Million, or 7.8% as a percentage of net sales
Diluted Earnings Per Share (“EPS”) of $2.08, representing a two-year compound annual growth rate of 21.0%
Year to Date Cash Flows From Operations of $2.2 Billion
Board of Directors Increases Share Repurchase Program Authorization; Declares Quarterly Cash Dividend of $0.42 per share
1 Same-store sales on a two-year stack basis represents the sum of the Q3 2021 same-store sales decrease and the Q3 2020 same-store sales increase.
“We are pleased with our third quarter results, and I want to thank our associates for their unwavering commitment to meeting the needs of our customers, communities, and each other,” said Todd Vasos, Dollar General’s chief executive officer. “During the quarter, we made meaningful progress advancing our key initiatives, while continuing to successfully deliver for our customers, despite a challenging operating environment.
“We are excited today to announce our real estate growth plans for fiscal year 20222, which consist of nearly 3,000 real estate projects in total, including 1,110 new stores. These plans include the acceleration of our pOpshelf store concept, as we expect to nearly triple our store count next year. Importantly, given the sustained and positive performance of our pOpshelf concept, we plan to further accelerate the pace of new store openings as we move ahead, targeting a total of approximately 1,000 pOpshelf locations by fiscal year end 20253.
“We are also excited to announce our plans to expand our footprint internationally for the first time, with plans to open up to ten stores in Mexico by the end of fiscal 2022, as we continue to lay the foundation for future growth.
“Overall, we remain focused on our mission of Serving Others, and are confident in our plans to drive long-term sustainable growth and value for our shareholders.”