Dollar General Corporation stock research
FY2024 Q3
Dollar General (DG) Gross Margin — Quarter Ended Nov 1, 2024
Revenue was flat compared to the prior quarter but higher than a year ago, while gross profit decreased sequentially but increased year-over-year. Gross margin weakened relative to both periods.
Gross margin takeaway
Quarter ended Nov 1, 2024 · FY2024 Q3
Revenue was flat compared to the prior quarter but higher than a year ago, while gross profit decreased sequentially but increased year-over-year. Gross margin weakened relative to both periods.
- The decline in gross profit relative to revenue drove the margin weakening.
- Gross margin was lower than the preceding quarter and lower than the same quarter last year.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
28.8%
Gross profit
$2.9B
Revenue
$10.2B
Cost of revenue
$7.2B
Quarter-over-quarter change
-1.1 pts
Year-over-year change
-0.2 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Feb 2, 2024 | $9.9B | $2.9B | $7.0B | 29.5% |
| May 3, 2024 | $9.9B | $3.0B | $6.9B | 30.2% |
| Aug 2, 2024 | $10.2B | $3.1B | $7.2B | 30.0% |
| Nov 1, 2024 | $10.2B | $2.9B | $7.2B | 28.8% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Aug 2, 2024
-1.1 pts
Year-over-year change
Nov 3, 2023
-0.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The decline in gross profit relative to revenue drove the margin weakening.
Gross margin was lower than the preceding quarter and lower than the same quarter last year.
Monitor the trend of gross profit relative to revenue in future quarters.