DOLLAR GENERAL CORP Earnings Per Share Disclosure
2.Earnings per share
Earnings per share is computed as follows (in thousands except per share data):
2025 | |||||||||
| | Weighted | |
| |||||
Net | Average | Per Share | |||||||
Income | Shares | Amount | |||||||
Basic earnings per share | $ | 1,512,311 |
| 220,090 | $ | 6.87 | |||
Effect of dilutive share-based awards |
| 724 | |||||||
Diluted earnings per share | $ | 1,512,311 |
| 220,814 | $ | 6.85 | |||
2024 | |||||||||
| | Weighted | |
| |||||
Net | Average | Per Share | |||||||
Income | Shares | Amount | |||||||
Basic earnings per share | $ | 1,125,253 |
| 219,877 | $ | 5.12 | |||
Effect of dilutive share-based awards |
| 150 | |||||||
Diluted earnings per share | $ | 1,125,253 |
| 220,027 | $ | 5.11 | |||
2023 | |||||||||
| | Weighted | |
| |||||
Net | Average | Per Share | |||||||
Income | Shares | Amount | |||||||
Basic earnings per share | $ | 1,661,274 |
| 219,415 | $ | 7.57 | |||
Effect of dilutive share-based awards |
| 523 | |||||||
Diluted earnings per share | $ | 1,661,274 |
| 219,938 | $ | 7.55 | |||
Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per share is determined based on the dilutive effect of share-based awards using the treasury stock method.
Share-based awards that were outstanding at the end of the respective periods but were not included in the computation of diluted earnings per share because the effect of exercising such options would be antidilutive, were approximately 0.1 million, 0.2 million and 0.1 million in 2025, 2024 and 2023, respectively.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Mar 20, 2026 | Showing above |
| 2025 | Mar 21, 2025 | |
| 2024 | Mar 25, 2024 | |
| 2023 | Mar 24, 2023 | |
| 2022 | Mar 18, 2022 | |
| 2021 | Mar 19, 2021 | |
| 2020 | Mar 19, 2020 | |
| 2019 | Mar 22, 2019 | |
| 2018 | Mar 23, 2018 | |
| 2017 | Mar 24, 2017 | |
| 2016 | Mar 22, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.