Earnings release
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Exhibit 99 Dollar General Corporation Reports Third Quarter 2021 Results Updates Financial Guidance for Fiscal Year 2021 Provides Fiscal Year 2022 Real Estate Growth Plans , Including Initial Expansion Outside the U.S. Announces Target of Approximately 1,000 pOpshelf Stores by End of Fiscal 2025 GOODLETTSVILLE , Tenn .-- ( BUSINESS WIRE ) -- December 2 , 2021 -- Dollar General Corporation ( NYSE : DG ) today reported financial results for its fiscal year 2021 third quarter ( 13 weeks ) ended October 29 , 2021 . • Net Sales Increased 3.9 % to $ 8.5 Billion • Same - Store Sales Decreased 0.6 % ; Increased 11.6 % on a two - year stack basis1 • Operating Profit of $ 665.6 Million , or 7.8 % as a percentage of net sales • Diluted Earnings Per Share ( " EPS ” ) of $ 2.08 , representing a two - year compound annual growth rate of 21.0 % • Year to Date Cash Flows From Operations of $ 2.2 Billion • Board of Directors Increases Share Repurchase Program Authorization ; Declares Quarterly Cash Dividend of $ 0.42 per share 1 Same - store sales on a two - year stack basis represents the sum of the Q3 2021 same - store sales decrease and the Q3 2020 same - store sales increase . " We are pleased with our third quarter results , and I want to thank our associates for their unwavering commitment to meeting the needs of our customers , communities , and each other , " said Todd Vasos , Dollar General's chief executive officer . “ During the quarter , we made meaningful progress advancing our key initiatives , while continuing to successfully deliver for our customers , despite a challenging operating environment . " We are excited today to announce our real estate growth plans for fiscal year 20222 , which consist of nearly 3,000 real estate projects in total , including 1,110 new stores . These plans include the acceleration of our pOpshelf store concept , as we expect to nearly triple our store count next year . Importantly , given the sustained and positive performance of our pOpshelf concept , we plan to further accelerate the pace of new store openings as we move ahead , targeting a total of approximately 1,000 pOpshelf locations by fiscal year end 20253 . " We are also excited to announce our plans to expand our footprint internationally for the first time , with plans to open up to ten stores in Mexico by the end of fiscal 2022 , as we continue to lay the foundation for future growth . " Overall , we remain focused on our mission of Serving Others , and are confident in our plans to drive long - term sustainable growth and value for our shareholders . " 2 Fiscal year 2022 is the 53 - week fiscal year ending February 3 , 2023 . 3 Fiscal year 2025 is the 52 - week fiscal year ending January 30 , 2026 .