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Dollar General: Full Year net sales up 7.7%

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Dollar General Store

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American retail giant Dollar General has unveiled its fourth quarter and full year 2015 results. The company’s net income for the 2015 fourth quarter was US $ 376 million, or diluted EPS of US $ 1.30, as against net income of US $ 355 million, or diluted EPS of US $ 1.17, in the 2014 fourth quarter. Net sales zoomed 7 per cent to US $ 5.29 billion in the reporting quarter compared to US $ 4.94 billion in the 2014 fourth quarter. Besides, its gross profit was 31.8 per cent in the fourth quarter compared to 31.7 per cent in the year ago period.

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As per the press release issued by the company, net sales in full year 2015 surged 7.7 per cent to US $ 20.4 billion compared to net sales of US $ 18.9 billion in 2014. Dollar General’s gross profit rate was 31 per cent of sales in 2015 compared to 30.7 per cent in 2014, marking an increase of 27 basis points.

The retailer noted net income of US $ 1.17 billion, or diluted EPS of US $ 3.95, for fiscal year 2015 compared to net income of US $ 1.07 billion, or diluted EPS of US $ 3.49, for fiscal year 2014. Both net income and adjusted net income surged over 9 per cent.

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Todd Vasos, Chief Executive Officer of the company said, “2015 was another great year for Dollar General as we achieved strong financial results with a focus on profitable sales growth. For the 26th consecutive year, we delivered positive same-store sales growth. In the fourth quarter, we effectively balanced sales and operating profit through our toughest quarterly comparison of the year to deliver record results leading to full year diluted EPS growth of 13 per cent.”

 

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