Q4 24 EPS

$1.83

BEAT +4.57%

Est. $1.75

Q4 24 Revenue

$9.86B

BEAT +0.77%

Est. $9.78B

vs S&P Since Q4 24

-65.3%

TRAILING MARKET

DG -20.8% vs S&P +44.6%

Full Year 2024 Results

FY 24 EPS

$7.55

FY 24 Revenue

$38.69B

Market Reaction

Did DG Beat Earnings? Q4 2024 Results

Dollar General delivered a mixed but better-than-feared fourth quarter, posting diluted EPS of $1.83 against a consensus estimate of $1.75, a beat of 4.57%, while revenue of $9.86 billion edged past the $9.78 billion estimate despite falling 3.4% yea… Read more Dollar General delivered a mixed but better-than-feared fourth quarter, posting diluted EPS of $1.83 against a consensus estimate of $1.75, a beat of 4.57%, while revenue of $9.86 billion edged past the $9.78 billion estimate despite falling 3.4% year over year, largely because the prior-year period included a 53rd week that contributed $678.10 million in additional sales. The core challenge was profitability: gross margin compressed 138 basis points to 29.5%, pressured by elevated shrink, inventory markdowns, and an unfavorable mix shift toward lower-margin consumables, driving operating profit down 37.9% to $579.65 million. Management's "Back to Basics" strategy has already prompted moves to curtail self-checkout across thousands of stores in an effort to reduce theft-related losses. Looking ahead, Dollar General guided fiscal 2024 net sales growth of 6.0% to 6.7%, same-store sales growth of 2.0% to 2.7%, and diluted EPS of $6.80 to $7.55, though that range absorbs an estimated $0.50 headwind from higher incentive compensation.

Key Takeaways

  • Same-store sales growth of 0.7% driven by increased customer traffic
  • Market share gains during the quarter
  • Back to Basics strategy supporting improved operational performance
  • 987 new store openings during fiscal year
  • Consumables category growth driving sales mix
  • Lower LIFO provision and decreased transportation costs partially offsetting gross margin pressure
24/7 Wall St

DG YoY Financials

Q4 2024 vs Q4 2023, source: SEC Filings

24/7 Wall St

DG Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 27

“We were pleased to deliver fourth quarter top and bottom-line results at the upper end of our internal expectations. With customer traffic growth and market share gains during the quarter, we believe our actions are resonating with customers as they turn to Dollar General for our unique combination of value and convenience.”

— Todd Vasos, Q4 2024 Earnings Press Release