Dollar General has reported on its results for the third quarter ended on November 02, 2018.

Q3 2018 Highlights: 

  • Net sales increased 8.7% to USD6.4 billion compared to USD5.9 billion same period prior year.
  • Same store sales grew 2.8%.
  • Gross profit increased to USD1.89 billion compared to USD 1.76 billion same period prior year.
  • Net income increased to USD334.1 million compared to USD252.5 million same period prior year.
  • Operating profit increased 5.9% to USD442.1 million.

YTD 2018 Highlights:

  • Net sales increased 9.4% to USD19.0 billion compared to USD17.3 billion same period prior year.
  • Same store sales grew 2.9%.
  • Gross profit increased to USD5.73 billion compared to USD5.25 billion same period prior year.
  • Net income increased to USD1.10 billion compared to USD826.8 million same period prior year.
  • Operating profit increased 6.7% to USD1.5 billion.

2018 Outlook:

  • Overall sales growth is expected to be approximately 9.0%
  • Same store sales growth of mid-to-high two percent range.
  • Capex spend between USD725 to USD775 million.
  • Dollar General plans to open 900 stores, remodel 1000 stores and relocate 100 stores.

For FY 2019, retailer plans to open 975 stores, remodel 1000 stores and relocate 100 stores.

Source: Dollar General