Welcome to our dedicated page for Dollar General news (Ticker: DG), a resource for investors and traders seeking the latest updates and insights on Dollar General stock.
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.
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.
The Dollar General Literacy Foundation (DGLF) announced over $10.6 million in grants supporting nearly 1,100 adult, family, and summer literacy programs nationwide. This funding is set to positively impact more than 1.4 million individuals.
Since 1993, the Foundation has helped over 20 million people achieve educational goals.
Grants are awarded to organizations within a 15-mile radius of Dollar General stores or distribution centers to enhance literacy programs, purchase technology and books, and support professional development for educators.
The Foundation plans to announce 2024 youth literacy grant recipients in August 2024 and will launch its fifth annual The Yellow Glasses Project campaign on July 17, 2024.
To date, DGLF has granted more than $250 million to over 24,000 organizations.
Dollar General (NYSE: DG) announced the release of its financial results for the fiscal 2024 first quarter on May 30, 2024. The conference call hosted by the CEO and CFO will discuss earnings results and other relevant information.
The company operates 20,022 stores across the US and Mexico, offering a variety of products from trusted brands. Dollar General aims to serve as America's neighborhood general store.
FAQ
What is the current stock price of Dollar General (DG)?
What is the market cap of Dollar General (DG)?
What is the core business of Dollar General?
How many stores does Dollar General operate?
What types of products does Dollar General sell?
What is the average size of a Dollar General store?
Who are some of Dollar General's key product partners?
What is Dollar General's mission?
Where can I find more information about Dollar General?
What percentage of Dollar General's net sales come from consumable items?
What price range does Dollar General's products fall into?
How does Dollar General cater to small communities?
