Dollar General Corporation (DG)

Gross profit margin

		Feb 2, 2024	Feb 3, 2023	Jan 28, 2022	Jan 29, 2021	Jan 31, 2020
Gross profit	US$ in thousands	11,719,000	11,820,100	10,813,000	10,718,900	8,489,060
Revenue	US$ in thousands	38,364,800	37,633,600	34,062,900	33,596,500	27,653,400
Gross profit margin		30.55%	31.41%	31.74%	31.90%	30.70%

February 2, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $11,719,000K ÷ $38,364,800K
= 30.55%

The gross profit margin of Dollar General Corporation has displayed a slight decrease over the past five years. The margin stood at 30.55% for the fiscal year ending February 2, 2024, compared to 31.41% in the preceding year and 31.74% two years ago. Despite this downward trend, the company has maintained relatively stable gross profit margins, with only modest fluctuations observed. Over the five-year period, the gross profit margin has ranged between 30.55% and 31.90%, indicating a consistent level of profitability in relation to its cost of goods sold. Further analysis of the underlying factors influencing this margin trend may provide additional insights into Dollar General's pricing strategies, cost management, and overall operational efficiency.