Headquartered in Goodlettsville, TN, Dollar General is one of the big supermarket players in the US, delivering goods to shoppers for more than 80 years now with annual revenue of $34.2 billion in 2021.

Table of Content

Second Quarter Financial Highlights Second Quarter YoY Financial Comparison Additional Key Highlights
 

Second Quarter Financial Highlights

  • Gross profit of the quarter increased by 69 base points which reflects higher inventory markups
  • Interest expenses of the company increased by $3.7 million in Q2 2022 from the last year
  • The effective income tax rate for Q2 2022 was 22.1% compared to a rate of 21.4% IN Q2 2021
  • In Q2 2022, the same-store sales of the company increased by 4.6% from the last year during the same period
  • General and administrative expenses were 22.6% in Q2 2022 as compared with 21.8% last year

Source: Dollar General Q2 2022 Report

 

Second Quarter YoY Financial Comparison

  • Total company sales were $9.4 million in the second quarter of 2022, compared to $8.6 million for the same period last year
  • The expense ratio slightly went up from approximately 90.2% in the second quarter of 2021 to 90.3% in the same period this year
  • The operating profit ratio very slightly decreased from 9.8% in Q2 2021 to 9.7% for the same period this year
  • The net income ratio decreased from 7.4% in Q2 2021 to 7.2% for the same period this year

Source: Dollar General Q2 2022 Report

 

Additional Key Highlights

  • Dollar General decided to participate in Goldman Sachs 29th Annual Global Retailing Conference
  • The company is maintaining the America partnership by donating $1 million
  • The company extended its partnership with  American Red Cross Partnership through $300,000 and In-Kind Donations

Source: Dollar General Q2 2022 Report

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