Dollar General Files Q1 2024 10-Q
Ticker: DG · Form: 10-Q · Filed: May 30, 2024 · CIK: 29534
| Field | Detail |
|---|---|
| Company | Dollar General CORP (DG) |
| Form Type | 10-Q |
| Filed Date | May 30, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.875 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, retail
TL;DR
DG's Q1 24 10-Q is in - check the latest numbers on stock and earnings.
AI Summary
Dollar General Corp. filed its 10-Q for the period ending May 3, 2024. The filing details financial information for the first quarter of fiscal year 2024, including changes in common stock, retained earnings, and other comprehensive income as of May 3, 2024, compared to earlier periods in 2024 and 2023. The company is incorporated in Tennessee and operates in the variety stores sector.
Why It Matters
This filing provides investors with the latest financial snapshot of Dollar General, crucial for understanding the company's performance and financial health in the current quarter.
Risk Assessment
Risk Level: medium — 10-Q filings are standard financial reports, but the specific financial details within can reveal underlying risks or strengths.
Key Numbers
- 2024-05-03 — End of Fiscal Quarter (The period covered by this 10-Q filing.)
- 2024-05-30 — Filing Date (The date this 10-Q was officially submitted to the SEC.)
Key Players & Entities
- DOLLAR GENERAL CORP (company) — Filer
- 2024-05-03 (date) — End of reporting period
- 2024-05-30 (date) — Filing date
- 6158554000 (phone_number) — Business phone number
- TN (location) — State of incorporation
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is May 3, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on May 30, 2024.
What is Dollar General Corp.'s state of incorporation?
Dollar General Corp. is incorporated in Tennessee (TN).
What is the company's Standard Industrial Classification (SIC) code?
The SIC code for Dollar General Corp. is 5331, which corresponds to Retail-Variety Stores.
What fiscal year end does Dollar General Corp. observe?
Dollar General Corp. observes a fiscal year end of January 31 (0131).
Filing Stats: 4,554 words · 18 min read · ~15 pages · Grade level 13.6 · Accepted 2024-05-30 07:04:55
Key Financial Figures
- $0.875 — ch registered Common Stock, par value $0.875 per share DG New York Stock Exchang
Filing Documents
- dg-20240503x10q.htm (10-Q) — 991KB
- dg-20240503xex10d2.htm (EX-10.2) — 218KB
- dg-20240503xex10d8.htm (EX-10.8) — 84KB
- dg-20240503xex15.htm (EX-15) — 4KB
- dg-20240503xex31.htm (EX-31) — 16KB
- dg-20240503xex32.htm (EX-32) — 9KB
- 0001558370-24-008742.txt ( ) — 4345KB
- dg-20240503.xsd (EX-101.SCH) — 28KB
- dg-20240503_cal.xml (EX-101.CAL) — 35KB
- dg-20240503_def.xml (EX-101.DEF) — 110KB
- dg-20240503_lab.xml (EX-101.LAB) — 257KB
- dg-20240503_pre.xml (EX-101.PRE) — 190KB
- dg-20240503x10q_htm.xml (XML) — 511KB
Financial Statements
Item 1. Financial Statements 2 Condensed Consolidated Balance Sheets 2 Condensed Consolidated Statements of Income 3 Condensed Consolidated Statements of Comprehensive Income 4 Condensed Consolidated Statements of Shareholders' Equity 5 Condensed Consolidated Statement of Cash Flows 6 Notes to Condensed Consolidated Financial Statements 7 Report of Independent Registered Public Accounting Firm 14
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 15
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 22
Controls and Procedures
Item 4. Controls and Procedures 22 Part II Other Information
Legal Proceedings
Item 1. Legal Proceedings 23
Risk Factors
Item 1A. Risk Factors 23
Other Information
Item 5. Other Information 23
Exhibits
Item 6. Exhibits 23 Cautionary Disclosure Regarding Forward-Looking Statements 24 Exhibit Index 27 Signature 29 1
—FINANCIAL INFORMATION
PART I—FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS . DOLLAR GENERAL CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited) May 3, February 2, 2024 2024 ASSETS Current assets: Cash and cash equivalents $ 720,700 $ 537,283 Merchandise inventories 6,934,389 6,994,266 Income taxes receivable 34,946 112,262 Prepaid expenses and other current assets 406,936 366,913 Total current assets 8,096,971 8,010,724 Net property and equipment 6,172,496 6,087,722 Operating lease assets 11,138,733 11,098,228 Goodwill 4,338,589 4,338,589 Other intangible assets, net 1,199,700 1,199,700 Other assets, net 63,010 60,628 Total assets $ 31,009,499 $ 30,795,591 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Current portion of long-term obligations $ 769,139 $ 768,645 Current portion of operating lease liabilities 1,406,970 1,387,083 Accounts payable 3,472,487 3,587,374 Accrued expenses and other 976,076 971,890 Income taxes payable 17,190 10,709 Total current liabilities 6,641,862 6,725,701 Long-term obligations 6,222,387 6,231,539 Long-term operating lease liabilities 9,723,314 9,703,499 Deferred income taxes 1,157,660 1,133,784 Other liabilities 264,097 251,949 Commitments and contingencies Shareholders' equity: Preferred stock — — Common stock 192,407 192,206 Additional paid-in capital 3,774,363 3,757,005 Retained earnings 3,032,996 2,799,415 Accumulated other comprehensive income (loss) 413 493 Total shareholders' equity 7,000,179 6,749,119 Total liabilities and shareholders' equity $ 31,009,499 $ 30,795,591 See notes to condensed consolidated financial statements. 2 DOLLAR GENERAL CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (In thousands, except per share amounts) For the 13 weeks ended May 3, May 5, 2024 2023 Net sales $ 9,914
Legal proceedings
Legal proceedings From time to time, the Company is a party to various legal matters in the ordinary cours