Dollar General (NYSE: DG) reported Q3 EPS of $2.31, $0.31 better than the analyst estimate of $2.00. Revenue for the quarter came in at $8.2 billion versus the consensus estimate of $8.15 billion.

• Same-store sales increased 12.2% compared to the third quarter of 2019, driven by an increase in average transaction amount, partially offset by a decline in customer traffic.

Fiscal Year 2021 Store Growth Outlook:

For the 52-week fiscal year ending January 28, 2022 (“fiscal year 2021”), the Company plans to execute 2,900 real estate projects, including 1,050 new store openings, 1,750 remodels, and 100 store relocations.

“We are excited to once again accelerate our real estate growth plans in fiscal year 2021,” said Jeff Owen, Dollar General’s chief operating officer. “Our portfolio of high-return real estate projects continues to be a top priority for capital allocation as we look to continue delivering long-term shareholder value. With a robust pipeline in place and plans to execute an average of nearly eight real estate projects per day in fiscal year 2021, we are enthusiastic about the opportunity to further expand our footprint and serve even more customers across the country.”

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