Dollar General Reports Mixed Q4 Results as Store Closures Impact Profit

Revenue growth narrowly beats estimates, but profit drops sharply due to store closures and restructuring charges.

Dollar General's Q4 revenue rose 4.5% year-over-year to $10.3 billion, slightly exceeding Wall Street's $10.26 billion estimate.
Net income fell to $191 million, or 87 cents per share, compared to $402 million, or $1.83 per share, in the same quarter last year.
The company announced plans to close 96 Dollar General stores and 45 Popshelf locations, while converting six Popshelf stores to its flagship format.
Store closures and restructuring charges accounted for $232 million in costs, contributing to a 49% year-over-year decline in operating profit.
Dollar General forecasts fiscal 2025 revenue growth of 3.4% to 4.4%, slightly below analysts' expectations, as it continues to navigate inflationary pressures and competition from larger retailers like Walmart.