Stock Analysis on Net

Dollar General Corp. (NYSE:DG)

This company has been moved to the archive! The financial data has not been updated since August 29, 2024.

Income Statement 
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Dollar General Corp., consolidated income statement (quarterly data)

US$ in thousands

Microsoft Excel
3 months ended: Aug 2, 2024 May 3, 2024 Feb 2, 2024 Nov 3, 2023 Aug 4, 2023 May 5, 2023 Feb 3, 2023 Oct 28, 2022 Jul 29, 2022 Apr 29, 2022 Jan 28, 2022 Oct 29, 2021 Jul 30, 2021 Apr 30, 2021 Jan 29, 2021 Oct 30, 2020 Jul 31, 2020 May 1, 2020 Jan 31, 2020 Nov 1, 2019 Aug 2, 2019 May 3, 2019 Feb 1, 2019 Nov 2, 2018 Aug 3, 2018 May 4, 2018
Net sales 10,210,361 9,914,021 9,858,514 9,694,082 9,796,181 9,342,832 10,202,907 9,464,891 9,425,713 8,751,352 8,651,448 8,517,839 8,650,198 8,400,964 8,414,524 8,199,625 8,684,241 8,448,449 7,157,642 6,991,393 6,981,753 6,623,185 6,649,809 6,417,462 6,443,309 6,114,463
Cost of goods sold (7,150,882) (6,921,872) (6,952,178) (6,881,554) (6,751,495) (6,387,358) (7,054,590) (6,579,696) (6,377,490) (6,012,989) (5,951,208) (5,898,400) (5,912,539) (5,645,296) (5,677,829) (5,631,385) (5,866,006) (5,852,757) (4,884,879) (4,926,307) (4,832,817) (4,620,909) (4,578,120) (4,522,403) (4,468,436) (4,252,214)
Gross profit 3,059,479 2,992,149 2,906,336 2,812,528 3,044,686 2,955,474 3,148,317 2,885,195 3,048,223 2,738,363 2,700,240 2,619,439 2,737,659 2,755,668 2,736,695 2,568,240 2,818,235 2,595,692 2,272,763 2,065,086 2,148,936 2,002,276 2,071,689 1,895,059 1,974,873 1,862,249
Selling, general and administrative expenses (2,509,517) (2,446,045) (2,326,682) (2,379,054) (2,352,372) (2,214,616) (2,215,143) (2,149,650) (2,134,797) (1,992,206) (1,903,571) (1,953,851) (1,888,091) (1,846,818) (1,864,471) (1,795,110) (1,775,608) (1,728,908) (1,551,888) (1,573,669) (1,571,161) (1,490,039) (1,433,186) (1,452,916) (1,429,397) (1,372,065)
Operating profit 549,962 546,104 579,654 433,474 692,314 740,858 933,174 735,545 913,426 746,157 796,669 665,588 849,568 908,850 872,224 773,130 1,042,627 866,784 720,875 491,417 577,775 512,237 638,503 442,143 545,476 490,184
Interest expense, net (68,130) (72,433) (77,117) (82,289) (84,337) (83,038) (74,818) (53,681) (43,098) (39,676) (38,506) (39,198) (39,430) (40,392) (40,268) (40,298) (39,326) (30,493) (25,567) (24,264) (24,810) (25,933) (25,061) (24,586) (25,451) (24,773)
Other expense (415) (1,019)
Income before income taxes 481,832 473,671 502,537 351,185 607,977 657,820 858,356 681,449 870,328 706,481 758,163 626,390 810,138 868,458 831,956 732,832 1,003,301 836,291 695,308 467,153 552,965 486,304 613,442 417,557 519,006 465,411
Income tax expense (107,642) (110,354) (100,724) (74,939) (139,142) (143,440) (199,221) (155,282) (192,298) (153,824) (160,730) (139,359) (173,119) (190,709) (189,213) (158,572) (215,700) (185,845) (159,871) (101,603) (126,410) (101,291) (130,201) (83,415) (111,769) (100,559)
Net income 374,190 363,317 401,813 276,246 468,835 514,380 659,135 526,167 678,030 552,657 597,433 487,031 637,019 677,749 642,743 574,260 787,601 650,446 535,437 365,550 426,555 385,013 483,241 334,142 407,237 364,852

Based on: 10-Q (reporting date: 2024-08-02), 10-Q (reporting date: 2024-05-03), 10-K (reporting date: 2024-02-02), 10-Q (reporting date: 2023-11-03), 10-Q (reporting date: 2023-08-04), 10-Q (reporting date: 2023-05-05), 10-K (reporting date: 2023-02-03), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-Q (reporting date: 2022-04-29), 10-K (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-05-01), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-11-01), 10-Q (reporting date: 2019-08-02), 10-Q (reporting date: 2019-05-03), 10-K (reporting date: 2019-02-01), 10-Q (reporting date: 2018-11-02), 10-Q (reporting date: 2018-08-03), 10-Q (reporting date: 2018-05-04).


Net Sales
Net sales exhibited an overall upward trend from May 2018 to August 2024, increasing from approximately $6.11 billion to over $10.21 billion. Periodic fluctuations were observed, with notable spikes around May 2020 and continuing a generally strong growth trajectory through 2023 and into 2024.
Cost of Goods Sold (COGS)
COGS mirrored the net sales trend, rising steadily from about $4.25 billion in May 2018 to roughly $7.15 billion by August 2024. The increase in COGS followed sales growth, with spikes especially prominent around May 2020 and sustained elevated levels thereafter.
Gross Profit
Gross profit showed growth consistent with increased sales, rising from around $1.86 billion in May 2018 to over $3.05 billion by August 2024. Despite some fluctuations, gross profit margins appeared reasonably stable, with a peak in mid-2023, indicating improved operating efficiency or favorable pricing during that period.
Selling, General and Administrative Expenses (SG&A)
SG&A expenses increased progressively over the observed period, from approximately $1.37 billion in May 2018 to about $2.51 billion in August 2024. The steady rise in these expenses may reflect higher operational costs, expanded business activities, or investments in infrastructure and personnel.
Operating Profit
Operating profit demonstrated variability with an upward bias, starting at roughly $490 million in May 2018 and fluctuating to around $550 million by August 2024. A pronounced peak occurred in mid-2020, coinciding with increased sales and gross profit, followed by some declines and partial recovery, suggesting episodic impacts on operating efficiency.
Interest Expense, Net
Net interest expense showed a slight increase from nearly $25 million at the beginning of the period to about $68 million by August 2024. The gradual rise might indicate increasing debt levels or changes in interest rates over time.
Other Expense
The data on other expenses was sparse and largely absent across most periods, with only a few recorded minor values. This suggests that other expenses had limited material impact on overall financial performance during this timeframe.
Income Before Income Taxes
This metric generally followed the pattern of operating profit, with increases from approximately $465 million in May 2018 to peaks exceeding $858 million in early 2023, followed by some variability. The fluctuations align with changes in operating profit and interest expenses.
Income Tax Expense
Income tax expense increased concurrently with pre-tax income, starting around $100 million in May 2018 and reaching peaks near $199 million in early 2023. Variations in tax expense correspond with fluctuations in income before taxes, indicating a relatively consistent effective tax rate.
Net Income
Net income showed an overall rising trend from about $365 million in May 2018 to highs over $659 million in early 2023, though it experienced significant variability, including declines following peaks. Notable increases coincided with periods of heightened gross profit and operating margin expansion, with decreases potentially reflecting increased costs or lower operating efficiency in certain quarters.