Dollar General CEO Todd Vasos

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 CEO Todd Vasos to retire

Dollar General CEO Todd Vasos to retire

GOODLETTSVILLE, Tenn. — Dollar General Corp. chief executive officer Todd Vasos plans to step down from his position effective November 1, the company announced on Tuesday. He will be succeeded by Jeff Owen, who has served as DG’s chief operating officer since 2019. As part of the leadership transition, Vasos is expected to serve in

Dollar General post strong sales gains in first quarter

Dollar General post strong sales gains in first quarter

GOODLETTSVILLE, Tenn. — Dollar General on Thursday reported net sales of $8.8 billion for its fiscal year 2022 first quarter, an increase of 4.2% over the prior-year period. The net sales increase was primarily driven by positive sales contributions from new stores, partially offset by a slight decline in same-store sales and the impact of

Dollar General opens 18,000th store

Dollar General opens 18,000th store

GOODLETTSVILLE, Tenn. — Dollar General on Saturday opened its 18,000th store, which is located in Gulf Shores, Ala. “With each new DG store opening, we are extending our scale for good to help American households stretch their budgets on essentials, create new career paths for employees, contribute tax revenue to local municipalities and extend education

Dollar General Q2 sales beat expectations

Dollar General Q2 sales beat expectations

GOODLETTSVILLE, Tenn. — Dollar General Corp. reported higher-than-expected sales and earnings for the second quarter, and boosted its projections for the year despite an expected increase in transportation and distribution costs and uncertainty caused by the Delta variant. Net sales decreased 0.4% to $8.7 billion in the second quarter of 2021, but still beat analysts’

Dollar General adds new store concept

Dollar General adds new store concept

NASHVILLE, Tenn. — Dollar General has debuted a new store concept that combines the offerings of its DG Market and pOpshelf formats. Two stores featuring the new store-within-a-store approach are now open in the Nashville, Tenn., market. “We are thrilled to enhance our customers’ shopping experiences through our new DG Market + pOpshelf store-within-a-store concept,

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 announces grant recipients

Dollar General announces grant recipients

GOODLETTSVILLE, Tenn. — Dollar General Corp. and the Dollar General Literacy Foundation on Monday said it was providing grants to to three organizations: Equal Justice Initiative, Operation Hope and INROADS. The grants are part of a $5 million racial justice and education commitment the company announced earlier this year. “As one of America’s essential retailers,

Dollar General posts strong Q3 sales gains

Dollar General posts strong Q3 sales gains

GOODLETTSVILLE, Tenn. – Dollar General Corp.’s same-store sales climbed 12.2% in the fiscal third quarter. Net sales increased 17.3% to $8.2 billion. Consumer behaviors related to the coronavirus pandemic had a significant effect on sales in the 13 weeks to October 30, the company said December 3. An increase in average transaction amount was partially

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

Dollar General promotes Reardon to EVP

Dollar General promotes Reardon to EVP

GOODLETTSVILLE, Tenn. — Dollar General Corp. has promoted Kathy Reardon to executive vice president and chief people officer, effective Thursday. Reardon joined Dollar General in 2009 and has served as senior vice president and chief people officer since March 2019. “Kathy’s effectiveness as a leader at Dollar General is evident in the company’s lowest store