In a recent press release, Dollar General announced that it will add 1,050 new locations in 2021 and complete 1,750 store renovations. The new stores will add to the approximately 17,000 in the U.S. Stores will range from 7,500 to 15,000 square feet with units located where possible in existing buildings with a concentration on rural communities.
For the 3rd quarter ended October 30th 2020, Dollar General (DG) posted net income of $574.3 million on net sales of $8,199 million with a diluted EPS of $2.31. Comparable values for the quarter ended November 1st 2019 were net income of $365.6 million on net sales of $6,991 million with a diluted EPS of $1.42.
Dollar General has benefited from increased sales during the COVID-19 crisis. Todd Vasos, the company CEO attributes increased margins to introduction of fresh items under the DG Fresh initiative.
Dollar General has a market capitalization of $52.1 billion. The company has traded over the past 52-weeks over a range of $120.00 to $225.25 with a 50-day moving average of $214.03. 12-month trailing operating margin was 10.5 percent and profit margin, 7.8 percent. The return on assets was 8.8 percent and on equity 37.4 percent.