Free Post Earnings Research Report: Dollar General’s Revenue Grew 11%; EPS Soared 10.7%

Stock Monitor: Costco Wholesale Post Earnings Reporting

LONDON, UK / ACCESSWIRE / January 05, 2018 / Active-Investors.com has just released a free earnings report on Dollar General Corp. (NYSE: DG). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=DG. The Company posted its financial results on December 07, 2017, for the third quarter of the fiscal year 2017. The discount retailer Company's revenue and adjusted EPS surpassed analysts' expectations. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Costco Wholesale Corporation (NASDAQ: COST), which also belongs to the Services sector as the Company Dollar General. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Dollar General most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For the three months ended November 03, 2017, Dollar General's revenues increased 11% to $5.90 billion from $5.32 billion in Q3 FY16. For the reported quarter, the Company's same store sales growth was 4.3%, primarily due to an increase in average transaction amount and customer traffic. The Company's revenue numbers surpassed analysts' expectations of $5.80 billion.

For the reported quarter, the Company's consumables revenue increased 11.8% to $4.63 billion from $4.14 billion in Q3 FY16. For the reported quarter, the Company's seasonal revenue increased 10.5% to $636.52 million from $575.91 million in Q3 FY16. For the reported quarter, the Company's home products revenue increased 5% to $346.34 million from $329.72 million in Q3 FY16. For the reported quarter, the Company's apparel revenue increased 6.8% to $295.35 million from $276.65 million in Q3 FY16.

As on November 03, 2017, the Company had 14,321 stores compared to 13,205 stores as on October 28, 2016.

For the reported quarter, the Company's gross profit increased 11.3% to $1.77 billion from $1.59 billion in Q3 FY16. During Q3 FY17, Dollar General's gross margin increased 10 basis points to 29.9% of revenue from 29.8% of revenue in Q3 FY16, due to higher initial inventory markups and an improved rate of inventory shrink.

For the reported quarter, the Company's operating income increased 6.2% to $417.43 million from $392.99 million in Q3 FY16. During Q3 FY17, Dollar General's operating margin decreased 30 basis points to 7.1% of revenue from 7.4% of revenue in Q3 FY16.

During Q3 FY17, Dollar General's earnings before tax (EBT) increased 6.6% to $393.44 million from $369.11 million in the same period of last year. For the reported quarter, the Company's EBT margin decreased 20 basis points to 6.7% of revenue from 6.9% of revenue in Q3 FY16.

For the reported quarter, Dollar General's net income increased 7.3% to $252.53 million on a y-o-y basis from $235.32 million in Q3 FY16. During Q3 FY17, the Company's diluted earnings per share (EPS) increased 10.7% to $0.93 on a y-o-y basis from $0.84 in the comparable period of last year. For the reported quarter, the Company's adjusted diluted EPS was $0.98, surpassing analysts' expectations of negative $0.94.

Balance Sheet

As on November 03, 2017, Dollar General's cash and cash equivalents increased 20.4% to $226.19 million from $187.92 million as on February 03, 2017. For the reported quarter, the Company's long-term obligations increased 0.3% to $2.72 billion from $2.71 billion in Q4 FY16.

For the reported quarter, the Company's merchandise inventories increased 10.4% to $3.60 billion from $3.26 billion in Q4 FY16. For the reported quarter, the Company's accounts payable increased 27% to $1.98 billion from $1.56 billion in Q4 FY16.

In the first nine months of 2017, the Company's net cash provided by operating activities increased 1.6% to $1.14 billion from $1.12 billion in the corresponding period of last year.

During Q3 FY17, the Company repurchased 1.8 million shares of its common stock at an average price of $76.97 per share.

On December 05, 2017, the Company's Board of Directors declared a quarterly cash dividend of $0.26 per share on the Company's common stock, payable on January 23, 2018, to shareholders of record at the close of business on January 09, 2018.

Outlook

For FY17, the Company expects revenue growth to be 7% and same store sales growth to be 2.5%. The Company estimates diluted EPS to be in the range of $4.37 - $4.47 for the fiscal year 2017.

Stock Performance Snapshot

January 04, 2018 - At Thursday's closing bell, Dollar General's stock rose 1.17%, ending the trading session at $95.09.

Volume traded for the day: 2.91 million shares, which was above the 3-month average volume of 2.42 million shares.

Stock performance in the last month – up 4.76%; previous three-month period – up 16.98%; past twelve-month period – up 25.05%; and year-to-date – up 2.24%

After yesterday's close, Dollar General's market cap was at $25.89 billion.

Price to Earnings (P/E) ratio was at 21.07.

The stock has a dividend yield of 1.09%.

The stock is part of the Services sector, categorized under the Discount, Variety Stores industry. This sector was up 0.1% at the end of the session.

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