When it comes to investing in retail stocks, timing is everything. That’s why the best retail stocks to buy in Q3 are those poised to see profits soar in Q4. Cyclical stocks bound to see a boost at the end of the year or the beginning of the next one make great investment choices as we move into the second half of 2024. Looking ahead then, it makes sense to focus on the retailers that often see better results in the winter holiday season. By strategically investing now, you can position yourself to reap the ...

As the back-to-school season approaches, Dollar General Corporation (DG) stands out as a one-stop shopping destination, offering a comprehensive selection of school essentials to support students, parents and teachers. With more than 20,000 locations in 48 states, DG offers a wide variety of school supplies, ensuring quality and affordability. In these challenging economic times, budget-friendly options and convenience are paramount for consumers. Shareeka Meadows, the VP of Division Merchandise Manager for ...

Investors should look at undervalued and unloved dividend stocks in this era of overvalued equities. Purchasing shares at a price-to-earnings ratio of 30x or more does not make sense. History has taught us that elevated valuations usually result in depressed returns.We highlight three companies that focus on shareholder returns. They are currently surrounded by negative sentiment for different reasons. However, the lack of investor interest may be an opportunity for some. Two of the three equities are Divid ...

Here are three promising recession-proof stocks with solid financial and strategic outcomes. These businesses appeal to investors looking for stability and development potential because they show resilience and strategic insight in handling economic constraints. Even in a challenging economic climate, their capacity to adjust to changing market conditions, carry out cost-cutting initiatives and promote revenue development puts them in a strong position for long-term leadership.McDonald’s (MCD)Source: Tama2u ...

Dollar General Corporation (NYSE:DG) Q1 2024 Results Conference Call May 30, 2024 10:00 AM ET Company Participants Kevin Walker - VP of IR Todd Vasos - CEO Kelly Dilts - CFO Conference Call Participants Michael Lasser - UBS Matthew Boss - JPMorgan Kate McShane - Goldman Sachs Simeon Gutman - Morgan Stanley Paul Lejuez - Citi Rupesh Parikh - Oppenheimer Seth Sigman - Barclays Scot Ciccarelli - Truist Michael Montani - Evercore ISI Joe Feldman - Telsey Advisor Group Operator Good morning. My name is Donna, an ...

Dollar General (DG) reported $9.91 billion in revenue for the quarter ended April 2024, representing a year-over-year increase of 6.1%. EPS of $1.65 for the same period compares to $2.34 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $9.87 billion, representing a surprise of +0.47%. The company delivered an EPS surprise of +5.10%, with the consensus EPS estimate being $1.57.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stre ...

Dollar General (DG) came out with quarterly earnings of $1.65 per share, beating the Zacks Consensus Estimate of $1.57 per share. This compares to earnings of $2.34 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.10%. A quarter ago, it was expected that this discount retailer would post earnings of $1.74 per share when it actually produced earnings of $1.83, delivering a surprise of 5.17%.Over the last four quarters, the com ...

Financial Performance - Net sales increased by 6.1% to $9.91 billion, driven primarily by new stores and a 2.4% increase in same-store sales[89] - Operating profit decreased by 26.3% to $546.1 million in the 2024 period compared to $740.9 million in the 2023 period[93] - Net income was $363.3 million, or $1.65 per diluted share, in the 2024 period, down from $514.4 million, or $2.34 per diluted share, in the 2023 period, representing a decrease of 29.4%[94] - Cash generated from operating activities increased by $472.7 million, or 247.3%, to $663.8 million in the 2024 period compared to the 2023 period[93] Profitability Metrics - Gross profit as a percentage of net sales decreased to 30.2% in 2024 from 31.6% in 2023, a decline of 145 basis points, mainly due to increased shrink and markdowns[89] - Gross profit increased by 1.2% but as a percentage of net sales decreased by 145 basis points to 30.2% in the 2024 period[96] - SG&A expense as a percentage of net sales increased to 24.7% in 2024 from 23.7% in 2023, an increase of 97 basis points due to higher retail labor and other costs[92] - Selling, General & Administrative expenses (SG&A) increased to 24.7% of net sales in the 2024 period from 23.7% in the 2023 period[96] Store Operations - The company opened 197 new stores, remodeled 463 stores, and relocated 21 stores in the first quarter of 2024, with plans to open approximately 730 new stores in fiscal 2024[77] - Average sales per square foot for all stores over the 52-week period ended May 3, 2024, were $264[89] Inventory Management - Inventory turnover was 3.8 times on a rolling four-quarter basis, with inventories per store decreasing by 9.5% compared to the previous year[89] - The company continues to face significant inventory shrink, which is expected to materially pressure financial results in 2024[74] - The company is focused on enhancing margins through various initiatives, including pricing optimization and inventory reduction efforts[73] Tax and Interest - Interest expense decreased by $10.6 million to $72.4 million in the 2024 period due to higher cash balances[96] - The effective income tax rate increased to 23.3% in the 2024 period from 21.8% in the 2023 period[97] Capital Expenditures and Dividends - Capital expenditures for 2024 are projected to be approximately $1.3 billion to $1.4 billion, focusing on store growth and supply chain enhancements[109] - Cash dividends paid during the 2024 period totaled $129.7 million, slightly up from $129.4 million in the 2023 period[110] Market Risk - There have been no material changes to the disclosures relating to market risk from the Annual Report on Form 10-K for the fiscal year ended February 2, 2024[112] Other Considerations - The "DG Fresh" initiative has positively contributed to sales and gross margin performance since its rollout in 2021, with ongoing optimization planned[76] - The conclusion of the COVID-19 pandemic student loan forbearance program has not had a material impact on the company's business, but future effects remain uncertain[69]

Exhibit 99 Dollar General Corporation Reports First Quarter 2024 Results Provides Financial Guidance for 2024 Second Quarter; Reiterates 2024 Full Year Financial Guidance Updates Real Estate Plans for 2024 Full Year GOODLETTSVILLE, Tenn.--(BUSINESS WIRE)-- Dollar General Corporation (NYSE: DG) today reported financial results for its fiscal year 2024 first quarter (13 weeks) ended May 3, 2024. · Net Sales Increased 6.1% to $9.9 Billion · Same-Store Sales Increased 2.4% · Operating Profit Decreased 26.3% to ...

Dollar General Corporation (DG) is likely to register an increase in the top line when it reports first-quarter fiscal 2024 results on May 30 before the opening bell. The Zacks Consensus Estimate suggests that the company will achieve revenues of $9.87 billion, marking a 5.6% increase compared to the same quarter last year. This anticipated growth implies the discount retailer’s continued efforts to attract budget-conscious consumers.Despite the expected rise in revenues, Dollar General's bottom line is lik ...