Dollar General news

07 December 2020
We look at Dollar General’s third quarter performance and the progress it’s making against its four strategic priorities. Third quarter key numbers Net sales increased 17.3% to $8.2bn Same-store sales increased 12.1% Operating profit increased 57.3% to $773.1m Attracting younger, higher income and more ethnically diverse consumers While the pandemic continued to have a posi...
08 October 2020
America’s leading dollar store chain, Dollar General, is launching a new concept store, popshelf. 95% of range priced at $5 or less The popshelf concept will debut in Nashville, Tennessee later this year, with two stores set to open in the city. It has been designed to create an engaging, fun environment, featuring on-trend seasonal and home décor, health and beauty must-haves, home cleanin...
31 August 2020
With Dollar General reporting an outstanding second quarter performance, we look at how it is adjusting its operations to capture new growth opportunities. Top line results Total sales up 24.4% to $8.7bn Same-store sales up 18.8% Net income increased 84.6% to $788m Same-store sales in the first weeks of Q3 running at around 15% Four strategic priorities The business had ...
29 May 2020
Dollar General and Dollar Tree have both announced particularly strong growth in Q1, as the Coronavirus (COVID-19) pandemic has led shoppers to increase purchases of groceries and household products. Factors contributing to the dollar stores performance Dollar General saw sales increase by 27.6% to $8.4bn, with same store sales up 21.7%. Dollar Tree's sales increased by 8.2% to $6.3bn for Q...
13 March 2020
With Dollar General and Dollar Tree both reporting their Q4 and full year results, we take a look at performance and explore what is driving this growth. Dollar General highlights With Q4 sales up 7.6% and same store sales up 3.2%, Dollar General finished the year positively. This ends a strong year for the retailer, with full year sales up 8.3%, to $27.8bn and same store sales up 3.9%. Thi...
07 December 2019
Both Dollar General and Dollar Tree have reported strong Q3 results, with Dollar General exceeding expectations. Dollar General to open 1,000 new stores in 2020 Dollar General has announced plans to open 1,000 new stores in 2020 and complete 1,500 store remodels. This will be an increase from 2019, where it is expected to open 975 new stores and complete 1,000 remodels by the end of the yea...
30 August 2019
We look at the second quarter results from Dollar General and Dollar Tree, which highlight the importance of private label development in this sector. Dollar General exceeds expectations Dollar General performed particularly well in Q2, with net sales up 8.4% to $7bn and same-store sales up 4%. Both basket size and traffic increased and full year guidance has been raised to 8% forecasted gr...
05 August 2019
Dollar General launches new affordable private label beauty range, Believe Beauty, according to a report from CNN. Benefiting from the influencer impact In March, Dollar General launched its new private label beauty range, Believe Beauty. The range includes a variety of cosmetics such as lipstick, eyeshadow and foundation. All 150 products within the range are priced at $5 and under, des...
03 June 2019
We review the first quarter results from Dollar General and Dollar Tree, including the role of food categories in driving growth at both businesses. Dollar General winning the dollar store battle Dollar General continued to outperform Dollar Tree in Q1. Dollar General’s net sales increased 8.3% to $6.6bn with same-store sales up 3.8%. Net income increased 5.5% to $385m. At Dollar Tree, net ...
14 March 2019
We look at how Dollar General and Dollar Tree finished the year and their strategic plans for the next 12 months. Strong end to the year at Dollar General Dollar General delivered a strong end to the year, with net sales up 8.5% to $6.6bn in the fourth quarter. Same-store sales increased 4.0%. For the full year, net sales increased 9.2% to $25.6bn, with net income up 3.3% to $1.6bn. The str...