Dollar General Q3 Earnings Surpass Expectations, Boosts 2025 Outlook
TL;DR
Dollar General's Q3 earnings exceeded expectations with a 4.6% sales increase to $10.6 billion, driven by store growth and higher same-store sales. The company raised its 2025 earnings outlook and plans to expand with new stores in the US and Mexico.
Tags
Dollar General's Q3 net sales rose 4.6% YoY to $10.6 bln, driven by new store openings, renovations, and higher sales at existing locations. The company opened 196 new stores and remodeled 1,175 locations during the quarter. Same-store sales grew by 2.5%. Dollar General's gross margin improved to 29.9%, up from 28.8% in the year-ago period, and operating profit leaped 31.5% to $425.9 mln. The company lifted its full-year earnings targets to $6.30 to $6.50 in 2025 and plans to open 450 new stores in the US and 10 in Mexico in 2026.
