Dollar General Corporation (DG) reported a notable rise in first-quarter earnings, building on results from the same period last year.
The company posted earnings of $444.127 million for the quarter, a solid increase compared to $391.928 million recorded in the prior-year period.
On a per-share basis, Dollar General earned $2.00 in the first quarter, up from $1.78 per share in the same quarter last year.
Revenue for the period climbed 3.4% to $10.786 billion, compared to $10.435 billion during the equivalent quarter of the previous year.
CEO Todd Vasos credited both customer behaviour and operational progress for the strong performance across the business.
Vasos said: “Our topline results were highlighted by positive customer traffic and balanced category growth, while continued progress on our key initiatives drove another quarter of strong operating profit growth.”
The company’s board announced a quarterly cash dividend of $0.59 per share, to be paid on or before July 21 to shareholders of record as of July 7.
Off the back of a strong quarter, Dollar General has revised its full-year profit guidance upward while reaffirming its sales growth outlook.
For fiscal 2026, Dollar General now anticipates net income of $7.20 to $7.45 per share, raised from its previous expectation of $7.10 to $7.35 per share.
The company continues to expect annual net sales growth of approximately 3.7% to 4.2% for the full fiscal year.
For context, Dollar General posted net income of $6.85 per share in fiscal 2025, with total sales reaching $42.7 billion.
Investors responded positively to the news, with DG shares rising 4.58% to $115 in pre-market trade on the New York Stock Exchange.
