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Todd Vasos

Dollar General’s Q3 sales rise, but profits slip

GOODLETTSVILLE, Tenn. — Dollar General Corp. posted mixed financial results for its third quarter, with profits falling while sales topped expectations on the strength of increased customer traffic and the opening of new stores. The company, which is once again being led by chief executive officer Todd Vasos, also announced leadership changes, including two returning

Vasos returns as Dollar General CEO

GOODLETTSVILLE, Tenn. — Dollar General Corp. has responded to a persistently challenging operating environment with a number of initiatives, including a change in leadership, intended to restore top-line and bottom-line growth. However, some Wall Street analysts expect that the process may take several quarters in view of the economic pressures on the retailer’s core lower-income

Dollar General brings back Todd Vasos as CEO

Dollar General brings back Todd Vasos as CEO

GOODLETTSVILLE, Tenn. — In a major shakeup, Dollar General Corp announced the reappointment of Todd Vasos as chief executive officer, effective immediately. The move, which comes less than a year after Vasos retired, signals the company’s intention to reorient itself and chart a new strategic course. Michael Calbert, Chairman of Dollar General’s Board of Directors,

Vasos extolled for accomplishments

Vasos extolled for accomplishments

GOODLETTSVILLE, Tenn. — Todd Vasos began an exciting new leadership chapter at Dollar General Corp. on November 1 as he transitioned from chief executive officer to senior advisor. The new role underscores the leadership, mentorship and perpetual evolution that has defined Vasos’ retail career for nearly four decades. MMR is proud to honor Vasos with

Garratt named Dollar General president

GOODLETTSVILLE, Tenn. — Dollar General Corp. continues to shuffle its leadership ranks ahead of the planned retirement of chief executive officer Todd Vasos. The latest move involves a promotion for chief financial officer John Garratt, who on September 1 added the role of president. The 53-year-old Garratt will remain responsible for the company’s finance, accounting,

Dollar General Q2 earnings beat expectations

Dollar General Q2 earnings beat expectations

GOODLETTSVILLE, Tenn. — Dollar General reported fiscal second-quarter earnings that beat Wall Street estimates. The retailer also raised its sales outlook for the year. The value retailer said Thursday that its net sales for the quarter ended July 29 increased 9%, to $9.4 billion, and same-store sales increased 4.6%. The company’s operating profit for the

Dollar General names chief medical officer

Dollar General names chief medical officer

GOODLETTSVILLE, Tenn. — Dollar General Corp. has named a chief medical officer and intends to position its stores as health and wellness destinations by adding an expanded assortment of products and services. “At Dollar General, we are always looking for new ways to serve, and our customers have told us that they would like to

Dollar General promotes eight executives

Dollar General promotes eight executives

GOODLETTSVILLE, Tenn. — Dollar General has promoted eight executives to new roles, in a move the company said reflects its commitment to providing opportunities for people to move up. “We prioritize employee growth and development because it allows us to live our mission of Serving Others in the communities we call home,” Dollar General CEO

Dollar General posts double-digit sales gains in Q2

Dollar General posts double-digit sales gains in Q2

GOODLETTSVILLE, Tenn. — Dollar General Corp. posted a 24.4% increase in net sales for its second quarter. Same-store sales increased 18.8% for the 13-week period ended July 31. Operating profit increased by 80.5% to $1 billion in the quarter, the company said Thursday. Diluted earnings per share (“EPS”) increased by 89.1% to $3.12. And cash

Retailers respond to COVID-19: Dollar General

Retailers respond to COVID-19: Dollar General

Editor’s note: This is part of a series of articles on how retailers are responding to the COVID-19 crisis. For more than 80 years, Dollar General has been guided by our mission of Serving Others, and now is no different. We understand these are unprecedented times, and we continue to work actively to serve our

Dollar General thanks COVID-19 responders

Dollar General thanks COVID-19 responders

GOODLETTSVILLE, Tenn. — Dollar General is offering 10% discounts to people who are on the front lines of the COVID-19 crisis, the company said Monday. The discount is being offered on qualifying purchases to all medical personnel, first responders and activated National Guardsmen. To receive their discounts, individuals can present their employment badge or ID

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