Dollar General Corporation (USA) reported financial results for its fiscal year 2020 first quarter (13 weeks) ended May 1, 2020.
- Net sales increased 27.6% to $8.4 billion in the first quarter of 2020 compared to $6.6 billion in the first quarter of 2019.
- Same-Store Sales Increased 21.7%
- Operating Profit Increased 69.2% to $866.8 million
- Cash Flows From Operations Increased 202.4% to $1.7 billion
- Selling, general and administrative expenses (“SG&A”) as a percentage of net sales were 20.5% in the first quarter of 2020 compared to 22.5% in the first quarter of 2019
- Dollar General operated 16,500 stores in 46 states as of May 1, 2020
The retailers sells both private label and national brand merchandise in its stores.
