Dollar General Corporation (NYSE:DG) came out with financial results for its fiscal year 2019 first quarter ended May 3
The discount retailer out of Goodlettsville, Tenn., reported net sales increased $6.6 billion in the first quarter of 2019 compared to $6.1 billion in the first quarter of 2018 Same-Store Sales Increased 3.8%.
Operating profit for the first quarter of 2019 grew 4.5% to $512.2 million compared with $490.2 million in the first quarter of 2018.
Also, diluted Earnings per Share were $1.48. Cash flows from operations increased 4.7% to $574 million, while $283 Million Returned to Shareholders through Share Repurchases and Cash Dividends. Board of Directors Declares Second Quarter 2019 Cash Dividend of $0.32 per share
The Company reported net income of $385 million for the first quarter of 2019 compared to $365 million in the first quarter of 2018. Diluted EPS increased 8.8% to $1.48 for the first quarter of 2019 compared to diluted EPS of $1.36 in the first quarter of 2018.
"Our team continued to make great progress on our strategic initiatives this quarter, while remaining focused on our four operating priorities," said Todd Vasos, Dollar General’s chief executive officer.
"This hard work and focus led to strong top- and bottom-line growth, and I’m very proud of our achievements. Looking forward, we have a wide variety of initiatives and projects that we believe can help extend our growth trajectory over both the near and longer term."
Shares in DG vaulted $7.16, or 6%, to $125.67
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