Dollar General’s net sales for Q3 rose 5.0 per cent to $10.2 billion, driven by new stores and same-store sales growth (+1.3 per cent).
However, gross profit margin decreased to 28.8 per cent, impacted by markdowns and inventory damage.
SG&A expenses rose due to hurricane-related costs.
For fiscal 2024, the company forecasts net sales growth of 4.8-5.1 per cent.
However, gross profit margin decreased to 28.8 per cent, impacted by markdowns and inventory damage.
SG&A expenses rose due to hurricane-related costs.
For fiscal 2024, the company forecasts net sales growth of 4.8-5.1 per cent.
