Dollar General (DG) Revenue — Quarter Ended May 3, 2024
Revenue increased compared to both the prior quarter and the same quarter a year ago. The sequential rise was modest, while the year-over-year gain was more pronounced, reversing a year-over-year decline in the preceding quarter.
Key takeaway
Quarter ended May 3, 2024 · FY2024 Q1
Revenue increased compared to both the prior quarter and the same quarter a year ago. The sequential rise was modest, while the year-over-year gain was more pronounced, reversing a year-over-year decline in the preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$9.9B
Revenue reported for this quarter.
Quarter-over-quarter
+0.6%
Change from the immediately preceding quarter.
Year-over-year
+6.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$39.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Aug 4, 2023 | $9.8B | +3.9% |
| Nov 3, 2023 | $9.7B | +2.4% |
| Feb 2, 2024 | $9.9B | -3.4% |
| May 3, 2024 | $9.9B | +6.1% |
Revenue performance
The reported revenue edged higher from the immediately preceding quarter, continuing a pattern of small sequential improvements. The year-over-year performance showed a strong rebound, with revenue rising at a much faster clip than the prior quarter's year-over-year drop.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was notably higher, after having declined on a year-over-year basis in the prior quarter. The sequential comparison also showed a slight increase, though the magnitude was much smaller.
What to watch
The reversal from a year-over-year decline to growth in the current quarter deserves continued attention for future quarters.