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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) will release its fiscal 2022 third-quarter financial results on December 1, 2022, following which a conference call will be held at 9:00 a.m. CT. CEO Jeff Owen and CFO John Garratt will discuss earnings results and additional material information. Interested participants can join via phone or through a live webcast at Dollar General's investor site. A replay will be available until December 29, 2022.
Dollar General has launched an enhanced selection of toys for the 2022 holiday season, featuring popular brands like LEGO and Barbie. Starting
Dollar General Corporation (NYSE: DG) announces the appointment of Jeff Owen as CEO, effective November 1, 2022. Owen, who has nearly 30 years of experience with the company, previously served as Chief Operating Officer since August 2019. He will be replacing Todd Vasos, who will transition to a senior advisory role until April 1, 2023, when he retires. This leadership change comes as Dollar General continues to operate over 18,566 stores across 47 states, offering a variety of low-priced, frequently used products.
Dollar General Literacy Foundation announced over
Dollar General Corporation (NYSE:DG) announced the pricing of its latest debt offering, including $750 million of 4.250% Senior Notes due 2024, $550 million of 4.625% Senior Notes due 2027, $700 million of 5.000% Senior Notes due 2032, and $300 million of 5.500% Senior Notes due 2052. Proceeds will primarily be used to repay existing debt and for general corporate purposes, including potential stock repurchases. The issuance is expected to occur on September 20, 2022, subject to customary conditions.
Dollar General Corporation (NYSE: DG) announced its participation in the Goldman Sachs 29th Annual Global Retailing Conference on September 7, 2022, at 12:15 p.m. ET. A live webcast will be available at Dollar General's investor site, with a replay accessible until October 7, 2022. As of July 29, 2022, Dollar General operated 18,566 stores across 47 states, providing a range of essential products at low prices. The company has been delivering value for over 80 years.
Dollar General Corporation has announced the promotion of John Garratt to the positions of President and Chief Financial Officer, effective September 1, 2022. Garratt will maintain his role overseeing finance, accounting, strategy, and procurement while expanding his responsibilities to include strategic initiatives for healthcare and international expansion into Mexico. Since joining Dollar General in 2014, Garratt has held various leadership roles, including executive vice president and CFO. The company currently operates 18,566 stores across 47 states.
Dollar General Corporation (NYSE: DG) reported a 9.0% increase in net sales to $9.4 billion for Q2 FY 2022, with diluted EPS rising 10.8% to $2.98. Same-store sales grew 4.6%, primarily from higher transaction amounts, despite declines in apparel and seasonal categories. Gross profit margin improved to 32.3%. The company declared a quarterly dividend of $0.55 per share and expanded its share repurchase program by $2 billion. For FY 2022, net sales growth is now projected at approximately 11%. The company plans 1,010 to 1,060 new store openings amid supply chain challenges.
Dollar General (NYSE: DG) announced a $1 million donation to Feeding America on its one-year partnership anniversary, enhancing efforts to combat food insecurity. This donation complements ongoing in-kind contributions from DG stores nationwide. The goal is to provide equitable access to nutritious food, aiming to deliver up to 20 million meals annually. In fiscal 2021, DG contributed over 4.5 million pounds of food, equating to more than 3.7 million meals, and plans to offer fresh produce in 10,000 stores, addressing needs in food deserts.
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