Bulletin
Investor Alert

New York Markets After Hours

Market Pulse Archives

Dec. 2, 2021, 7:21 a.m. EST

Dollar General reports profit decline, plans for more than 1,100 new stores in 2022

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Dollar General Corp. (DG)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Tonya Garcia

Dollar General Corp. /zigman2/quotes/200691429/composite DG -2.13% shares fell 2.6% in Thursday premarket trading after the discount retailer reported a third-quarter profit decline. Net income totaled $487.0 million, or $2.08 per share, down from $574.3 million, or $2.31 per share, last year. Sales of $8.518 billion were up from $8.200 billion last year. The FactSet consensus was for EPS of $2.01 and sales of $8.496 billion. Same-store sales fell 0.6%, just below the FactSet consensus for a 0.5% decline. Dollar General unveiled its 2022 real estate plans, which include 1,110 new stores, 1,750 remodels and the company's first international stores, with up to 10 planned for Mexico. For fiscal 2021, Dollar General is guiding for sales growth of 1% to 1.5%, versus previous guidance for 0.5% to 1.5%, same-store sales decline of 2.5% to 3%, versus previous guidance for a decline of 2.5% to 3.5%, and EPS in the range of $9.90 to $10.20, compared with the previous expectation for EPS in the range of $9.60 to $10.20. The FactSet consensus is for sales of $34.251 billion, which implies growth of 1.5%, a same-store sales decline of 2.7% and EPS of $10.19. Dollar General stock is up 6% for the year to date while the S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.22% has gained 20.2% for the period.

/zigman2/quotes/200691429/composite
US : U.S.: NYSE
$ 211.97
-4.61 -2.13%
Volume: 1.89M
Jan. 25, 2022 4:00p
P/E Ratio
20.80
Dividend Yield
0.79%
Market Cap
$50.18 billion
Rev. per Employee
$215,086
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,356.45
-53.68 -1.22%
Volume: 2.85B
Jan. 25, 2022 4:00p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.