HighGravityData

Dollar General — Dec 5, 2024 release

Fiscal 2025 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001104659-24-125759
Open on SEC.gov ↗
Showing in the filing
Estimated hurricane-related negative impact
“approximately $10 million”
Period
Q4 FY2024
Measure
Company-defined measure
Source
Prose
All guidance in this release · 19
Quarterly cash dividend declared for FY2025
“$0.59 per share”
Quarterly cash dividend
“$0.59 per share”
Estimated hurricane-related negative impact for Q4 FY2024
“approximately $10 million”
Net sales growth for FY2024
“in the range of approximately 4.8% to 5.1%”
Same-store sales growth for FY2024
“in the range of approximately 1.1% to 1.4%”
Diluted EPS for FY2024
“in the range of approximately $5.50 to $5.90”
Diluted EPS effective tax rate assumption for FY2024
“approximately 23%”
Effective tax rate for FY2024
“approximately 23%”
Capital expenditures for FY2025
“$1.3 billion to $1.4 billion”
Capital expenditures for FY2024
“$1.3 billion to $1.4 billion”
Real estate projects for FY2024
“2,435 real estate projects, including 730 new store openings, 1,620 remodels, and 85 store relocations”
Share repurchases assumption for FY2024
“no share repurchases”
Real estate projects for FY2025
“approximately 4,885”
New store openings in the U.S. for FY2025
“approximately 575”
New stores in Mexico for FY2025
“up to 15”
Full store remodels for FY2025
“approximately 2,000”
Remodels through Project Renovate for FY2025
“approximately 2,000”
Remodels through Project Elevate for FY2025
“approximately 2,250”
Store relocations for FY2025
“approximately 45”
Exhibit 99.1 · the passage around this item
… earlier in the release
  Fiscal Year 2024 Financial Guidance and Store Growth Outlook The Company is updating its financial guidance provided on August 29, 2024. The updated guidance includes the negative impact of hurricane-related expenses of $32.7 million in the third quarter, and an estimated fourth-quarter negative impact of approximately $10 million, in each case related to the hurricanes that occurred in the third quarter.         The Company now expects the following for fiscal year 2024:   · Net sales growth in the range of approximately 4.8% to 5.1%, compared to its previous expectation of approximately 4.7% to 5.3% · Same-store sales growth in the range of approximately 1.1% to 1.4%, compared to its previous expectation in the range of 1.0% to 1.6% o Diluted EPS in the range of approximately $5.50 to $5.90, compared to its previous expectation of approximately $5.50 to $6.20 o Diluted EPS guidance continues to assume an effective tax rate of approximately 23%   The Company continues to expect the following for fiscal year 2024:   · Capital expenditures, including those related to investments in the Company’s strategic initiatives, in the range of $1.3 billion to $1.4 billion · 2,435 real estate projects, including 730 new store openings, 1,620 remodels, and 85 store relocations   The Company’s financial guidance also continues to assume no share repurchases in fiscal year 2024.   Fiscal Year 2025 Store Growth Outlook “We a
later in the release …
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other guidance in this release
Text is the filed exhibit, verbatim.