DG Earnings: Everything you need to know about Dollar General’s first quarter 2024 earnings

Dollar General Corporation (NYSE: DG) today released its first quarter 2024 results.

Net sales increased 6.1% year-over-year to $9.91 billion. Same-store sales increased 2.4%.

Net income fell more than 29% to $363.3 million, or $1.65 per share, from a year ago.

Revenues and profits exceeded expectations, which caused the company’s shares to rise by more than 4% in the hours before the opening of the session on Thursday.

For Q2 2024, the company currently expects same-store sales growth of just 2% and EPS of $1.70-$1.85.

For fiscal year 2024, DG expects net sales to increase approximately 6.0-6.7% and same-store sales to increase 2.0-2.7%. EPS is expected to be around $6.80-$7.55.

Earlier performance