Dollar General Corporation Reports Third Quarter 2020 Results

Dollar General Corporation reported financial results for its fiscal year 2020 third quarter (13 weeks) ended Oct. 30, 2020.

• Net Sales Increased 17.3 percent; Same-Store Sales Increased 12.2 percent
• Operating Profit Increased 57.3 percent to $773.1 million
• Diluted Earnings Per Share (“EPS”) Increased 62.7 percent to $2.31
• Year-to-Date Cash Flows from Operations Increased 103.7 percent to $3.4 billion
• $990 million Returned to Shareholders through Share Repurchases and Cash Dividend
• Board of Directors Declares Fourth Quarter 2020 Cash Dividend of $0.36 per share

“I want to thank our associates for their tireless work over the past several months in helping our customers and communities impacted by the Covid-19 pandemic,” said Todd Vasos, Dollar General’s chief executive officer. “To further demonstrate our appreciation and support, we plan to award a total of up to $75 million in appreciation bonuses to eligible frontline employees in Q4, which includes our recent announcement to double our initial plans for second-half bonuses by approximately $50 million, bringing the Company’s full-year investment in employee appreciation bonuses to approximately $173 million. Despite continued significant uncertainty in the operating environment, our team members have been unwavering in their commitment to fulfilling our mission of Serving Others. As a result, we are pleased to report strong third-quarter financial results.

“During the quarter, we also continued to make great progress advancing our key strategic initiatives, including the rollout of DG Pickup across nearly our entire store base, and the launch of our newest store format, pOpshelf. In total, we executed 765 real estate projects, further laying and building the foundation for future growth. Overall, our ongoing operating priorities, coupled with our key strategic initiatives, position us well to continue delivering value and convenience for our customers, along with long-term sustainable growth and value for our shareholders.”

For more information, visit the company’s official press release.