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
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,
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
GOODLETTSVILLE, Tenn. — Dollar General Corp. chief executive officer Todd Vasos plans to step down from his position effective November 1. He will be succeeded by Jeff Owen, who has served as Dollar General’s chief operating officer since 2019. As part of the leadership transition, Vasos is expected to serve in a senior advisory position,
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
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
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
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
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
GOODLETTSVILLE, Tenn. — Dollar General said Tuesday that it will give out about $35 million in bonuses to all its store, distribution center and private fleet employees. The retailer said eligible employees include those who work during a six-week period beginning in mid-March. Details of the bonuses were shared with employees beginning last week. “Dollar
GOODLETTSVILLE, Tenn. — Dollar General Corp. posted fourth quarter same-store gains that beat estimates. Net sales for the quarter ended January 31 increased 7.6% to $7.2 billion. Same-store sales increased 3.2% compared to the fourth quarter of 2018, driven by increases in both customer traffic and average transaction amount. The company reported net income of
GOODLETTSVILLE, Tenn. — Dollar General Corp. reported a strong performance in the third quarter of fiscal 2019, as both earnings and sales exceeded Wall Street expectations. Net income for the quarter ended November 1 advanced 9.4% to $365.6 million, or $1.42 per diluted share, which beat the average estimate of analysts surveyed by Zacks Investment