Dollar General Beats Earnings Estimates, Plans Expansion

The retailer's fourth-quarter earnings exceeded expectations, leading to a stock rise and ambitious plans for new stores and remodels.

Dollar General reports fourth-quarter earnings surpassing analyst estimates, with a net income of $401.8 million and earnings per share of $1.83.
The retailer announces plans to open about 800 new stores and remodel 1,500 existing locations over the next year, signaling aggressive expansion despite market challenges.
Dollar General's same-store sales increased by 0.7% during the fourth quarter, reflecting continued customer traffic growth and market share gains.
The company's stock rose by 0.8% in early trading Thursday, with shares up more than 13% for 2024, despite a 26% decline over the last 12 months.
Dollar General's outlook for the 2024 fiscal year includes a projected 6% to 6.7% increase in net sales and an EPS range of $6.80 to $7.55.