公司概况 - 公司在美国和墨西哥共有20,345家门店[56] - 公司销售产品包括食品、清洁用品、美妆个护、季节性商品、家居用品和基础服饰等[56] - 公司致力于为客户提供优质产品和优惠价格[56] - 公司客户群主要为低收入和固定收入人群,受宏观经济环境影响较大[57][58] 业务发展 - 公司通过提升数字化工具、扩大配送服务等举措来提升客户体验和销售增长[62] - 公司计划2024财年新开730家门店,改造1,620家门店[64] 财务表现 - 公司2024年二季度销售额为102.1亿美元,同比增长4.2%,同店销售增长0.5%[76] - 公司2024年二季度毛利率为30.0%,同比下降112个基点,主要受到折扣和损耗增加的影响[76] - 公司2024年二季度营业利润为5.5亿美元,同比下降20.6%[77] - 公司2024年上半年经营活动产生的现金流为16.53亿美元,同比增长127.4%[78] - 净销售额增加主要由于新店销售和同店销售增长0.5%抵消了部分关店影响[83] - 同店销售增长主要反映了客流量增加1.0%,部分被平均交易金额下降0.5%所抵消[83] - 毛利率下降112个基点至30.0%,主要由于折扣增加、库存损坏增加、消费品类销售占比增加和损耗增加所致[84] - 销售、一般及管理费用占净销售额的比例增加57个基点至24.6%,主要由于零售人工、折旧和摊销、店铺租金和水电费用增加所致[84] - 利息费用净额下降1620万美元至6810万美元,主要由于现金余额增加所致[85] - 2024年度有效所得税率为22.3%,低于2023年度的22.9%,主要由于联邦税收抵免等税率影响因素在利润总额较低的情况下的影响[85] - 2024年第二季度经营活动产生的现金流为16.53亿美元，较2023年同期增加9.26亿美元[95] - 2024年第二季度商品存货变动导致现金流减少2340万美元，而2023年同期减少8.17亿美元[96] - 2024年第二季度应付账款变动导致现金流增加3.063亿美元，而2023年同期增加1.078亿美元[95] - 2024年第二季度应计费用变动导致现金流增加1.098亿美元，而2023年同期减少1240万美元[95] - 2024年第二季度净收入较2023年同期减少2.457亿美元[95] 资本支出和股票回购 - 2024年资本支出预计为13亿美元至14亿美元，主要用于新店开设、现有店铺改造和搬迁以及供应链和技术投资[100] - 截至2024年8月2日，公司尚有约13.8亿美元的股票回购授权额度，但公司决定在2024年不进行股票回购以保持财务灵活性[101] 内部控制和风险因素 - 公司的内部控制和信息披露控制在2024年第二季度保持有效[102,103] - 公司面临的主要风险包括通胀、劳动力成本上升、供应链中断、网络安全等[111,112] - 公司无法吸引、培养和留住合格员工,同时控制劳动成本[113] - 关键人员流失或无法雇佣更多合格人员,无法成功执行高层管理层过渡,或无法执行与管理人员签订的非竞争协议[113] - 自有品牌的风险,包括但不限于提高其毛利率的成功程度[113] - 未能保护公司声誉[113] - 业务的季节性[113] - 政府法规和要求的变化及不合规[113] - 新的会计指引或现有指引的解释或应用发生变化[113] - 市场条件恶化,包括市场中断、金融市场不利条件、公司信用状况恶化、债务协议中的合规性和限制,以及可用的剩余资本[113]

财务业绩 - 净销售额增长4.2%至102亿美元[2] - 同店销售增长0.5%[2] - 营业利润下降20.6%至5.5亿美元[4] - 每股摊薄收益下降20.2%至1.70美元[5] - 2024财年预计净销售额增长4.7%至5.3%,同店销售增长1.0%至1.6%[10] - 2024财年预计每股摊薄收益5.50美元至6.20美元[11] 门店情况 - 截至2024年8月2日在美国和墨西哥共有20,345家Dollar General、DG Market、DGX和pOpshelf门店[18] - 2024财年预计开设730家新店、1,620家改造店和85家搬迁店[11] 财务数据 - 截至2024年8月2日的存货总额为70亿美元,同比下降11.0%[6] - 公司2024年第二季度净销售额为102.10亿美元，同比增长4.2%[20] - 公司2024年第二季度毛利率为29.96%，同比下降1.12个百分点[20] - 公司2024年第二季度营业利润为5.50亿美元，同比下降20.5%[20] - 公司2024年第二季度净利润为3.74亿美元，同比下降20.1%[20] - 公司2024年第二季度每股收益为1.70美元，同比下降20.6%[20] - 公司2024年上半年净销售额为201.24亿美元，同比增长5.2%[21] - 公司2024年上半年毛利率为30.07%，同比下降1.28个百分点[21] - 公司2024年上半年营业利润为10.96亿美元，同比下降23.5%[21] - 公司2024年上半年净利润为7.38亿美元，同比下降25.0%[21] - 公司本季度消费品类销售额为83.97亿美元，同比增长6.0%[23] - 公司本季度经营活动产生的现金流入16.53亿美元，同比增长127.3%[22] - 公司本季度资本支出6.96亿美元，同比减少9.4%[22] - 公司本季度支付现金股利2.59亿美元[22] - 公司本季度商品存货较上年同期减少2.34百万美元[22] - 公司本季度非现金股份支付费用为3,464万美元[22] - 公司本季度其他非现金损失为3,988万美元[22] - 公司本季度递延所得税费用为505万美元[22]

Dollar General Corporation (DG) is likely to register an increase in the top line when it reports second-quarter fiscal 2024 results on Aug 29 before the opening bell. The Zacks Consensus Estimate suggests that the company will achieve revenues of $10.39 billion, marking a 6% increase compared to the same quarter last year. This anticipated growth implies the discount retailer’s continued efforts to attract budget-conscious consumers.Despite the expected rise in revenues, Dollar General's bottom line is lik ...

Analysts on Wall Street project that Dollar General (DG) will announce quarterly earnings of $1.80 per share in its forthcoming report, representing a decline of 15.5% year over year. Revenues are projected to reach $10.39 billion, increasing 6% from the same quarter last year.The consensus EPS estimate for the quarter has been revised 0.7% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this tim ...

Wall Street expects a year-over-year decline in earnings on higher revenues when Dollar General (DG) reports results for the quarter ended July 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 29. On ...

While the broader indexes have rallied to new heights this year, propelled largely by the momentum in tech stocks, many companies have seen their valuations plummet as macroeconomic conditions have deteriorated. It’s been a tale of two markets, with the haves soaring and the have-nots languishing in the doldrums.However, I believe we’re on the cusp of a new chapter in the market’s story. As the economic cycle shifts gears, certain undervalued stocks that have been beaten down are starting to show signs of l ...

Dollar General (DG) closed at $116.84 in the latest trading session, marking a -0.65% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 1.69% for the day. Meanwhile, the Dow experienced a rise of 1.04%, and the technology-dominated Nasdaq saw an increase of 2.43%.Heading into today, shares of the discount retailer had lost 7.37% over the past month, lagging the Retail-Wholesale sector's loss of 6.24% and the S&P 500's loss of 4.78% in that time.Analysts and investors a ...

Are you looking for undervalued stocks that could make a big comeback in the next year? I think there are some great opportunities out there, even with all the economic uncertainty we’ve seen lately.It’s no secret that many stocks have taken a beating over the past few quarters. Relentless interest rate hikes from the Federal Reserve and signs of weakening consumer spending have spooked investors, leading to major selloffs. However, in my view, Wall Street has taken things too far in some cases.Several stoc ...

In the latest trading session, Dollar General (DG) closed at $117.36, marking a -0.62% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.08% for the day. Elsewhere, the Dow lost 0.12%, while the tech-heavy Nasdaq added 0.07%.Heading into today, shares of the discount retailer had lost 10.69% over the past month, lagging the Retail-Wholesale sector's loss of 2.44% and the S&P 500's loss of 0.21% in that time.Analysts and investors alike will be keeping a close eye ...

When it comes to investing in retail stocks, timing is everything. That’s why the best retail stocks to buy in Q3 are those poised to see profits soar in Q4. Cyclical stocks bound to see a boost at the end of the year or the beginning of the next one make great investment choices as we move into the second half of 2024. Looking ahead then, it makes sense to focus on the retailers that often see better results in the winter holiday season. By strategically investing now, you can position yourself to reap the ...