From CNBC: 2025-03-13 07:58:55

Dollar General exceeded Wall Street revenue estimates in the fourth quarter, but profit was impacted by a store portfolio review. The chain plans to close 96 Dollar General stores and 45 Popshelf stores while converting 6 Popshelf locations to flagship stores. Shares rose 5% in premarket trading.

Quarterly revenue increased by 4.5% to $10.3 billion, with full-year revenue reaching $40.61 billion. For fiscal year 2025, Dollar General projects revenue growth between 3.4% and 4.4%, slightly below the 4.1% expected by analysts. Earnings per share for the year are forecasted between $5.10 and $5.80.

The fourth-quarter net income for Dollar General totaled $191 million, down from $402 million in the previous year. Operating profit decreased by over 49% year over year to $294 million due to charges related to store closures and Popshelf impairments. Same-store sales grew 1.2% year over year.

Dollar General CEO Todd Vasos stated that the store portfolio review is aimed at strengthening the foundation of the business. The decision to close stores positions the company to better serve customers and communities. Dollar General is also experimenting with same-day delivery and introducing new private-brand products.



Read more at CNBC:: Dollar General (DG) Q4 2024 earnings