On Thursday, Dollar General Corp (NYSE:DG) shares are trading higher in premarket after the company reported fourth-quarter FY24 earnings today.
The company reported fourth-quarter sales growth of 4.5% year-on-year to $10.304 billion, beating the analyst consensus estimate of $10.264 billion.
Same-store sales increased 1.2% versus last year, driven by an increase of 2.3% in average transaction amount and a decrease of 1.1% in customer traffic.
The gross profit margin for the quarter decreased 8 basis points Y/Y to 29.4%. The operating margin contracted 302 basis points to 2.86%, and operating income for the quarter declined 49.2% to $294.2 million.
EPS of $0.87 missed the consensus estimate of $1.51.
The company held $932.576 million in cash and equivalents as …