- Dollar General Corp (NYSE:DG) reported a second-quarter FY21 sales decline of 0.4% year-on-year, to $8.65 billion, beating the analyst consensus of $8.59 billion.
- Same-store sales decreased 4.7% due to lower customer traffic. Same-store sales increased 14.1% on a two-year stack basis.
- The company attributed the lower net sales to the decline in same-store sales and the impact of store closures.
- The gross profit margin for the quarter decreased 80 basis points Y/Y to 31.6%.
- The operating margin was 9.8%, and operating income for the quarter fell 18.5% to $849.6 million.
- The company held $313.7 million in cash and equivalents as of July 30, 2021.
- Net cash provided by operating activities for the six months totaled $1.3 billion.
- Adjusted EPS of $2.69 beat the analyst consensus of $2.57.
- Dollar General’s Board declared a quarterly cash dividend of $0.42 per share, payable on or before October 19, 2021, to shareholders of record on October 5, 2021.
- Outlook: Dollar General sees FY21 sales growth of 0.5% – 1.5% (prior 1% decline – 1% growth). This represents sales of $33.91 billion – $34.25 billion versus the consensus of $34.11 billion.
- Same-store sales decline of 3.5%-2.5% (prior decline of 5%-3%).
- The company expects FY21 EPS of $9.60 – $10.20 (prior $9.50 – $10.20) versus the consensus of $10.22.
- Price Action: DG shares are trading lower by 2.87% at $228.00 on the last check Thursday.
Microsoft 365 Status Tweets: We’re continuing to monitor the recovery across the service and some customers are reporting mitigation. We’re also connecting the service to additional infrastructure to expedite the recovery process.
https://twitter.com/MSFT365Status/status/1618198784017588227
