Dollar General Corporation (NYSE: DG) reported fourth quarter 2022 earnings results today.
Net sales increased 17.9% to $10.2 billion compared to the same period last year, driven mainly by positive sales contributions from new stores and growth in same-store sales. Same-store sales increased 5.7%.
Net income was $659.1 million, up 10.3% compared to last year while EPS increased 15.2% to $2.96.
The top line missed expectations while the bottom line matched estimates.
For FY2023, the company expects net sales growth of approx. 5.5-6% and same-store sales growth of 3.0-3.5%. EPS is expected to grow around 4-6%.
Prior performance
