Dollar General Corp.

NYSE:DG   3:59:58 PM EDT
220.38
+1.44 (+0.66%)
4:00:00 PM EDT: $220.30 -0.08 (-0.04%)
Share Repurchases, Other Pre-Announcement

Dollar General Corp Reports Fourth Quarter 2020 Results

Published: 03/18/2021 11:18 GMT
Dollar General Corp. (DG) - Oration Reports Fourth Quarter 2020 Results.
Q4 Earnings per Share $2.62.
Q4 Same Store Sales Rose 12.7 Percent.
Q4 Earnings per Share Estimate $2.72 -- Refinitiv Ibes Data (analyst estimates).
Q4 Sales $8.4 Billion Versus Refinitiv Ibes Estimate of $8.28 Billion.
Board of Directors Increases Share Repurchase Program Authorization.
Declares Quarterly Cash Dividend of $0.42 per Share, an Increase of 16.7% Compared to Prior Quarter.
As of January 29, 2021, Total Merchandise Inventories, at Cost, Were $5.2 Billion Compared to $4.7 Billion As of January 31, 2020.
Sees Fiscal Year 2021 Net Sales in Range of a 2% Decline to Flat.
Sees FY 2021 Earnings per Share $8.80 to $9.50.
Sees Fiscal Year 2021 Share Repurchases of Approximately $1.8 Billion.
On March 17, 2021, Board of Directors Increased Authorization Under Share Repurchase Program by $2.0 Billion.
Sees Fiscal Year 2021 Capital Expenditures in Range of $1.05 Billion to $1.15 Billion.
Reiterating Its Plans to Execute 2,900 Real Estate Projects in Fiscal Year 2021.
Dollar General - From Jan 30, 2021 Through Feb 26, 2021 Same-store Sales Increased About 5.7% Versus First Accounting Period of Fiscal Year 2020.
Believes Consumer Behavior Driven by Covid-19 Had Significant Positive Effect on Qtrly Net Sales and Same-store Sales.
Dollar General - From Feb 27, 2021 Through March 16, 2021, Same-store Sales Decreased About 16% Versus Comparable Timeframe in 2020 Fiscal Year.