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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 (NYSE: DG) has announced its participation in the Goldman Sachs 31st Annual Global Retailing Conference on September 4, 2024 at 12:30 p.m. ET. The company's management will engage in a fireside chat, which will be livestreamed on the Dollar General investor relations website. A replay will be available until October 2, 2024.
Dollar General, founded in 1939, operates 20,149 stores across the United States and Mexico under various brands. The company offers affordable everyday essentials, including food, health products, cleaning supplies, and seasonal décor from both private labels and trusted brands. Dollar General's mission focuses on serving communities by providing accessible products, career opportunities, and support for literacy and education initiatives.
The Dollar General Literacy Foundation (DGLF) has awarded over $4 million in youth literacy grants to support more than 730 schools, libraries, and nonprofit organizations across the United States. These grants are expected to positively impact over 380,000 students, providing funds for books, technology, equipment, and materials to enhance K-12 education.
Since its inception in 1993, the DGLF has contributed more than $254 million to support literacy and basic education initiatives. This latest round of grants complements the Foundation's $10.6 million grant announcement in May for adult, family, and summer literacy programs. Additionally, the DGLF is currently running its fifth annual Yellow Glasses Project to raise funds for literacy programs.
Dollar General (NYSE: DG) has announced the appointment of Kamy Scarlett to its board of directors, effective August 12, 2024. Scarlett, currently the senior executive vice president of human resources, corporate affairs and Best Buy Canada for Best Buy Co., Inc., will serve on the company's compensation and human capital management committee and the nominating, governance and corporate responsibility committee. With her addition, Dollar General's board now consists of 10 members.
Scarlett brings over 30 years of retail industry experience, particularly in human resources and corporate affairs. She has held various leadership roles at Best Buy since joining in 2014, including chief human resources officer and president of Best Buy's U.S. retail stores. Prior to Best Buy, Scarlett served in leadership positions at Grafton-Fraser Inc., Loblaw Companies , Hudson's Bay Co., and Dylex
Dollar General (NYSE: DG) has announced plans to release its fiscal 2024 second quarter financial results on August 29, 2024. The results will cover the period ended August 2, 2024. CEO Todd Vasos and CFO Kelly Dilts will host a conference call at 9:00 a.m. CT/10:00 a.m. ET on the same day to discuss the earnings and potentially share additional material business information.
Investors can participate via telephone by calling (877) 407-0890 with conference ID 13747555, or through a live webcast available on the company's investor relations website. A replay will be accessible until September 26, 2024. As of May 3, 2024, Dollar General operates 20,149 stores across various formats in the United States and Mexico, offering a wide range of everyday essentials and trusted brands.
Dollar General (DG) is gearing up for the back-to-school season with a range of affordable options for students and teachers. The company is offering over 100 school supply items priced at $1 or less, catering to budget-conscious shoppers. Additionally, verified teachers can enjoy a 30% discount on school supplies until September 6.
Key offerings include:
- $5 backpacks
- $3 and under Crayola® coloring packs
- Trendy items like decorative 'First Day of School' signs
- National brands and DG's private labels with a 100% satisfaction guarantee
Today, Dollar General (NYSE: DG) announced the extension of its partnership with Feeding America for a fourth year, contributing an additional $1 million to combat food insecurity. Since 2021, Dollar General has donated more than $4 million and 33 million meals through in-kind food donations. This initiative supports over 44 million Americans facing food insecurity.
In February 2024, DG expanded its donations to include all private brand categories, providing essential items like food, pet food, hygiene products, and cleaning supplies. The company donates over 1.9 million pounds of grocery items monthly, equivalent to 1 million meals. Beyond these efforts, Dollar General offers fresh produce in over 5,400 stores and collaborates with Shelf Engine to improve food forecasting. The company’s extensive network of 20,000 stores and 32 distribution centers enhances its ability to address hunger effectively.
DG's ongoing support underscores its commitment to community welfare and corporate social responsibility.
Dollar General has announced the launch of a new kitchen and housewares collection inspired by Dolly Parton. The collection will be available in approximately 20,000 stores across 48 states starting mid-July.
Featuring around 50 items, prices range from $1 to $10, with most items costing $5 or less. The collection is a nod to Dolly Parton's rural upbringing in the Smoky Mountains and includes a variety of home décor, kitchen, and tableware items.
Emily Taylor, Dollar General's executive vice president and chief merchandising officer, highlighted the shared humble beginnings between Dolly Parton and Dollar General as a special aspect of this collaboration.
For more details and to find the nearest store, visit the Dollar General website or the myDG app.
Dollar General (NYSE: DG) has extended its partnership with the American Red Cross by donating $250,000 to support disaster preparedness, response, and recovery efforts. This donation is part of Dollar General's long-term commitment, totaling over $8.5 million since 2001. The funds will provide safe shelter, hot meals, emotional support, and resources for individuals affected by disasters such as hurricanes, tornadoes, floods, fires, and earthquakes. Dollar General has been actively supporting the Red Cross for 23 years, emphasizing its dedication to community assistance during times of crisis. The company operates over 20,000 stores across the U.S. and Mexico, continuing to serve its mission of 'Serving Others' by offering affordable products, career opportunities, and community support.
Criteo (Nasdaq: CRTO) has partnered with Dollar General Media Network (DGMN), the retail media arm of Dollar General (NYSE: DG), to enhance Dollar General's retail media offerings.
This collaboration will support Dollar General's onsite sponsored ad offerings and introduce new ad formats later this year. Utilizing Criteo's Commerce Max platform, advertisers will gain access to premium inventory and comprehensive shopper data, enabling targeted omnichannel advertising, particularly for rural shoppers.
The partnership aims to provide valuable insights into both in-store and online sales, empowering brands to optimize their campaigns. This move strengthens Criteo's position as a leader in the retail and commerce media space.
Dollar General (NYSE: DG) announced its first quarter 2024 financial results, with net sales rising 6.1% to $9.9 billion. Same-store sales grew by 2.4%, driven by increased customer traffic. However, operating profit fell by 26.3% to $546.1 million, and diluted EPS dropped 29.5% to $1.65. Despite these declines, cash flows from operations surged by 247.3% to $663.8 million. The company declared a quarterly dividend of $0.59 per share. For the full fiscal year 2024, Dollar General reiterated its guidance, expecting net sales growth between 6.0% to 6.7% and EPS between $6.80 to $7.55. The company also updated its real estate plans to focus more on store remodels over new openings.
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