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Dollar General Corporation (DG) is a well-established American retail chain that has been delivering value to shoppers for over 75 years. The company operates over 20,000 stores across 43 states, making it a ubiquitous presence, particularly in rural areas. Dollar General offers an extensive range of products that are frequently used and replenished, including food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items. These products are available at low everyday prices, providing significant convenience and savings to its customers.
The company's core business revolves around offering both branded and private-label consumable items, such as paper products, cleaning supplies, packaged and perishable food, tobacco, and health and beauty items. Notably, 80% of Dollar General's net sales come from these consumable items. The company also sells a limited assortment of seasonal merchandise, home products, and apparel, with most items priced at $10 or lower.
Dollar General's business model is centered around simplicity and frugality. The typical store is about 7,500 square feet and strategically located in small communities with limited shopping options, making it a convenient destination for fill-in trips. The company partners with some of America's most trusted manufacturers, including Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg's, General Mills, and PepsiCo, ensuring a broad selection of high-quality products.
Recent achievements include the ongoing expansion of its store network and continuous improvement in its product offerings. The company's mission is to serve others by keeping its operations straightforward and its prices low. This focus on substance and simplicity allows Dollar General to effectively meet the needs of its customers and maintain steady growth in a competitive retail landscape.
For more information on Dollar General, please visit www.dollargeneral.com.
Dollar General Corporation (NYSE: DG) announced its participation in the 2021 RBC Capital Markets Consumer & Retail Conference on June 3, 2021, at 11:20 a.m. ET. A live webcast will be available on their investor relations website, with a replay accessible until June 17, 2021.
With over 80 years of service, Dollar General operates 17,266 stores across 46 states, offering low-priced essential products from trusted brands. The company continues to focus on helping customers save time and money.
Dollar General (NYSE: DG) released its FY 2020 Serving Others Report, highlighting the company’s commitment to employees, customers, and communities amid the COVID-19 pandemic. Recognized as a top corporate responder, DG emphasized its efforts in diversity, inclusion, and environmental stewardship. Key initiatives include a $5 million pledge for social justice, enhanced employee training programs, and the expansion of its Better For You initiative. Denine Torr has been promoted to Vice President, Corporate Social Responsibility, furthering DG's ESG goals.
The Dollar General Literacy Foundation has announced a record single-day grant donation of over $10.5 million to support literacy programs for communities served by Dollar General (NYSE: DG). The grant will benefit approximately 1,000 organizations, libraries, and schools, impacting nearly 900,000 individuals. This initiative underscores the Foundation's commitment to education, with funds allocated for summer reading, adult literacy programs, and high school equivalency preparation. Applications for youth literacy grants are currently open until May 20, 2021.
Dollar General Corporation (NYSE: DG) is set to release its financial results for the fiscal 2021 first quarter on May 27, 2021. The announcement will be followed by a conference call featuring CEO Todd Vasos, COO Jeff Owen, and CFO John Garratt at 9:00 a.m. CT/10:00 a.m. ET. Interested participants can join by calling (877) 407-0890 or via a live webcast on the company’s investor relations page. A replay will be available until June 24, 2021. Dollar General operates over 17,266 stores across 46 states, providing low-priced everyday products from various trusted manufacturers.
Dollar General (NYSE: DG) has partnered with the Arbor Day Foundation, committing $100,000 to plant over 20,000 trees across Florida, Illinois, Michigan, and Ohio. The initiative aims to reforest areas impacted by deforestation and enhance local ecosystems. In addition to financial support, Dollar General will engage employees in community tree planting events in Nashville, Minneapolis, Albuquerque, and Durham this fall. The company continues its commitment to sustainability through its recycling initiative, which has saved nearly 35 million trees since 2008.
Dollar General (NYSE: DG) plans to hire 20,000 employees this spring, hosting hiring events from April 19-23. The initiative supports growth across various operations including store, distribution, and corporate. Candidates can explore career opportunities on Dollar General's site. The company emphasizes its commitment to community and diversity, with incentives such as competitive wages, award-winning training, and benefits like tuition reimbursement. With over 17,000 stores nationwide, Dollar General aims to be an employer of choice by fostering employee development and inclusion.
Dollar General (NYSE: DG) has announced the retirement of Mike Kindy, executive vice president of global supply chain, effective April 15, 2021. Kindy has been with the company since 2008 and has played a key role in its supply chain expansion, including the addition of distribution centers and the DG Fresh initiative. Tony Zuazo will take over as executive vice president, while Rod West has been promoted to senior vice president of distribution. The leadership transition is expected to drive the company forward.
Dollar General Corporation (NYSE: DG) reported robust financial results for Q4 and FY 2020, highlighting a 17.6% increase in Q4 net sales ($8.4 billion) and a 21.6% increase for the fiscal year ($33.7 billion). Same-store sales rose 12.7% in Q4 and 16.3% for the year. Operating profit surged 21.0% in Q4 to $872.2 million and 54.4% for the full year to $3.6 billion. Diluted EPS reached $2.62 in Q4 (+24.8%) and $10.62 for the year (+59.9%). The company announced a quarterly dividend increase of 16.7% and expanded its share repurchase program.
Dollar General Corporation (NYSE: DG) will release its financial results for the fiscal 2020 fourth quarter and full year ended January 29, 2021, on March 18, 2021. The conference call to discuss these results will be hosted by CEO Todd Vasos, COO Jeff Owen, and CFO John Garratt at 9:00 a.m. CT. To participate, call (877) 407-0890 using conference ID 13715128. A live webcast will also be available, and a replay will be accessible until April 15, 2021. As of October 30, 2020, Dollar General operated 16,979 stores across 46 states, offering a range of products at low prices.
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