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Dollar General and Dollar Tree Report on Q1 of 2022

 05/30/2022

Egg-NewsOn May 26th, Dollar General (DG) reported on Q1 of FY 2022 ending April 30th.  Concurrently Dollar Tree (DLTR) reported on Q1 of FY 2022 ending May 1st.

 

Dollar General earned $552.6 million on sales of $8,751 million with a diluted EPS of $2.41.  Revenue was 4.1 percent higher compared to the first quarter of fiscal 2021, but net income was 19.3 percent lower and EPS down by 14.5 percent.

 

Dollar Tree earned $536.4 million on revenue of $6,900 million with a diluted EPS of $2.37.  Compared with the first quarter of fiscal 2021, revenue was up 6.5 percent, net income by 43.2 percent and diluted EPS 48.1 percent higher.

 

In comparing financial performance of the Dollar stores, growth in same-store sales declined by 0.1 percent for Dollar General compared to an increase of 11.2 percent for Dollar Tree but with a 2.5 percent decline for subsidiary Family Dollar.  Dollar General market capitalization on May 30th was $42.9 billion compared to $30.1 billion for Dollar Tree. Dollar General traded during the past fifty-two-weeks over a range of $188.25 to $262.21.  Forward PE is 16.3.  Dollar Tree has traded over fifty-two-weeks in a range of $84.26 to $177.29. Forward PE is 16.7.

 

Egg-NewsThe twelve-month trailing values reflecting management effectiveness were return on assets of 7.3 percent for Dollar General and 5.9 percent for Dollar Tree.  The respective returns on equity were 37.3 percent for Dollar General compared to 19.0 percent for Dollar Tree.  Dollar General achieved an operating margin of 8.9 percent compared to Dollar Tree at 7.7 percent.  The respective profit margins were 6.6 percent for Dollar General and 5.6 percent for Dollar Tree.

 

DLTR gained 17.7 percent at the open on May 27th after the Q1 release to $137.28. DG gained 15.5 percent to $235.69.

 

Dollar General plans to open 1,100 new stores in 2022 with 800 conforming to a larger 8,000 square foot format. By the end of the current year Dollar General will operate 18,000 stores with 11,000 equipped for self- check out payment. Dollar General has introduced fresh produce in 700 stores and will expand this offering in response to customer requests and pressure from local authorities concerned over the quality of nutrition of residents in inner-city neighborhoods.