Dollar General Corporation (NYSE: DG) today reported financial results for its fiscal year 2019 fourth quarter and fiscal year ended January 31, 2020.
The company, out of Goodlettsville, Tennessee, reported fourth-quarter net Sales Increased 7.6%; Fiscal Year Net Sales Increased 8.3%.
Fourth-quarter same-store sales increased 3.2%; Fiscal Year same-store sales increased 3.9% Fourth-quarter operating profit increased 12.9% to $720.9 Million
Fiscal Year operating profit Increased 8.8% to $2.3 Billion; Fiscal Year Adjusted Operating Profit Increased 10.3% to $2.3 Billion. Fourth-quarter diluted Earnings per Share increased 14.1% to $2.10.
According to CEO Todd Vasos, "We are very pleased with our fourth quarter results, capping off a strong year of performance across the Company.
"Our full-year results were highlighted by double-digit diluted EPS growth, as well as our 30th consecutive year of same-store sales growth. During the fourth quarter, we delivered a healthy 3.2% increase in same-store sales, as well as strong margin performance. In addition, we executed well across many fronts, including our operating priorities and strategic initiatives."
The Company reported net income of $535.4 million for the fourth quarter of 2019 compared to $483.2 million in the fourth quarter of 2018.
Diluted EPS increased 14.1% to $2.10 for the fourth quarter of 2019 compared to diluted EPS of $1.84 in the fourth quarter of 2018. Diluted EPS for the fourth quarter of 2018 included an approximate $0.04 net negative impact from Q4 Disaster-Related Expenses.
DG shares dived 56 cents to $157.07
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