Dollar General Corporation (NYSE: DG) reported fourth quarter 2023 earnings results today.
Net sales decreased 3.4% to $9.9 billion compared to the same period a year ago. Same-store sales increased 0.7%.
Net income of $401.8 million was down 39% compared to last year. EPS decreased 38.2% to $1.83 year-over-year.
Revenue and earnings beat estimates, sending the stock rising over 6% in premarket hours on Thursday.
For fiscal year 2024, the company expects net sales growth of approx. 6.0-6.7%, same-store sales growth of 2.0-2.7% and EPS of approx. $6.80-7.55.
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For the first quarter of 2024, DG currently expects same-store sales growth of 1.5-2.0%, and EPS of $1.50-1.60.
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