Dollar General Corporation Reports Earnings Results for the Second Quarter Ended July 30, 2021
August 26, 2021 at 07:04 am EDT
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Dollar General Corporation announced earnings results for the second quarter ended July 30, 2021. For the second quarter, the company announced sales was USD 8,650.198 million compared to USD 8,684.241 million a year ago. Operating income was USD 849.568 million compared to USD 1,042.627 million a year ago. Net income was USD 637.019 million compared to USD 787.601 million a year ago. Basic earnings per share from continuing operations was USD 2.71 compared to USD 3.15 a year ago. Diluted earnings per share from continuing operations was USD 2.69 compared to USD 3.12 a year ago. For the half year, sales was USD 17,051.162 million compared to USD 17,132.690 million a year ago. Operating income was USD 1,758.418 million compared to USD 1,909.411 million a year ago. Net income was USD 1,314.768 million compared to USD 1,438.047 million a year ago. Basic earnings per share from continuing operations was USD 5.55 compared to USD 5.73 a year ago. Diluted earnings per share from continuing operations was USD 5.52 compared to USD 5.69 a year ago.
Dollar General Corporation specializes in reduced-price distribution of mass consumption products. Net sales break down by family of products as follows:
- consumption products (79.7%): hygiene and cleaning products (paper towels, toilet paper, trash bags, etc.), food and beverage products, personal care and beauty products (soaps, shampoos, toothpastes, perfumes, cosmetics, etc.), OTC medications, and pet care products;
- seasonal products (11%): decorative items, toys, batteries, greeting cards, paper products, lawn and garden products, office supplies, etc.;
- household items (6.2%): kitchen items, small appliances, light bulbs, picture frames, candles, bathroom products, etc.;
- clothing and accessories (3.1%): clothing for men, women, and children, underwear, shoes, purses, etc.
At the end of January 2023, the group had a network of 19,104 stores located in the United States.