Earnings summaries and quarterly performance for DOLLAR GENERAL.
Executive leadership at DOLLAR GENERAL.
Todd J. Vasos
Chief Executive Officer
Bryan Wheeler
Executive Vice President and Chief Merchandising Officer
Donny H. Lau
Executive Vice President and Chief Financial Officer
Emily C. Taylor
Chief Operating Officer
Rhonda M. Taylor
Executive Vice President and General Counsel
Board of directors at DOLLAR GENERAL.
Research analysts who have asked questions during DOLLAR GENERAL earnings calls.
Rupesh Parikh
Oppenheimer & Co. Inc.
7 questions for DG
Seth Sigman
Cantor Fitzgerald
7 questions for DG
Simeon Gutman
Morgan Stanley
7 questions for DG
Matthew Boss
JPMorgan Chase & Co.
6 questions for DG
Michael Lasser
UBS
6 questions for DG
John Heinbockel
Guggenheim Partners
4 questions for DG
Zhihan Ma
Bernstein
4 questions for DG
Corey Tarlowe
Jefferies
3 questions for DG
Chuck Grom
Gordon Haskett Research Advisors
2 questions for DG
Josh Young
Truist Securities
2 questions for DG
Katharine McShane
Goldman Sachs Group, Inc.
2 questions for DG
Kelly Bania
BMO Capital Markets
2 questions for DG
Peter Keith
Piper Sandler & Co.
2 questions for DG
Robert Ohmes
Bank of America
2 questions for DG
Scot Ciccarelli
Truist Securities
2 questions for DG
Charles Grom
Gordon Haskett Research Advisors
1 question for DG
Edward Kelly
Wells Fargo
1 question for DG
Karen Short
Melius Research
1 question for DG
Matt Boss
JPMorgan Chase & Co.
1 question for DG
Paul Lejuez
Citigroup
1 question for DG
Spencer Hanus
Wolfe Research
1 question for DG
Recent press releases and 8-K filings for DG.
- Net sales increased 4.6% to $10.6 billion; same-store sales rose 2.5%, and EPS grew 43.8% to $1.28
- Operating profit climbed 31.5% to $425.9 million, with gross margin at 29.9% (+107 bps), shrink improving 90 bps, and operating margin reaching 4.0%
- Updated FY 2025 guidance: net sales +4.7–4.9%; same-store sales +2.5–2.7%; EPS $6.30–$6.50; capex towards low end of $1.3 billion–$1.4 billion
- Real estate initiatives: opened 196 new stores in Q3; completed 651 Project Elevate and 524 Project Renovate remodels; plans ~4,730 projects in 2026, including 450 new store openings in the U.S.
- Net sales rose 4.6% to $10.6 billion, with same-store sales +2.5% in Q3 2026.
- EPS of $1.28, up 43.8%; operating profit of $425.9 million (+31.5%); gross margin 29.9% (+107 bp).
- Merchandise inventory down 6.5% year-over-year to $6.7 billion; operating cash flow of $2.8 billion (+28% YTD); redeemed $600 million of senior notes.
- Updated fiscal 2025 outlook: net sales growth ~4.7%–4.9%, same-store sales ~2.5%–2.7%, EPS $6.30–$6.50.
- Real estate progress: 196 new store openings in Q3; plans for 4,730 projects in 2026, including 450 new U.S. stores, 2,000 Renovate, and 2,250 Elevate remodels.
- Net sales rose 4.6% to $10.65 billion, same-store sales +2.5%, operating profit +31.5% to $425.9 million, and diluted EPS +43.8% to $1.28.
- FY 2025 guidance raised to net sales growth of 4.7%–4.9%, same-store sales +2.5%–2.7%, and diluted EPS of $6.30–$6.50.
- Dividend: Board declared quarterly cash dividend of $0.59 per share, payable January 20, 2026, to shareholders of record January 6, 2026.
- FY 2026 store growth outlook: ~4,730 real estate projects, including ~450 new U.S. stores and up to 10 in Mexico, plus ~4,250 store remodels and ~20 relocations.
- Emily Taylor will become COO, effective November 16, 2025, overseeing operations across 20,000+ stores and functions including supply chain, merchandising, marketing, digital, real estate, decision science, and process improvement.
- Taylor, a 25-year Dollar General veteran and 2025 Merchant of the Year, led key initiatives like the Non-Consumable Initiative and the launch of pOpshelf to enhance in-store and digital experiences.
- Her base salary rises from $850,000 to $950,000, with a cash incentive target of 100% of base salary and approximately $209,000 in RSUs vesting over three years.
- The company also elevated Bryan Wheeler to EVP & Chief Merchandising Officer and eliminated its EVP, Strategy and Development role as part of a broader executive realignment.
- Emily C. Taylor appointed Chief Operating Officer, effective November 16, 2025.
- Annual base salary increased to $950,000, cash incentive target raised to 100% of salary, plus an equity award valued at approximately $209,000 in RSUs.
- Amendment to her employment agreement filed as Exhibit 10.1 to reflect the title and compensation changes.
- Additional leadership moves: Bryan Wheeler promoted to EVP & Chief Merchandising Officer; Pooh Vichidvongsa named SVP, General Merchandise Manager; Shareeka Meadows elevated to SVP, pOpshelf®; EVP Strategy & Development role eliminated and Steve R. Deckard departed.
- Kelly Dilts will resign as CFO on August 28, 2025; CEO Todd Vasos to serve as interim CFO until October 20, 2025.
- Donny H. Lau, former DG strategy executive and most recently CFO of Zaxby’s Franchising, appointed Executive Vice President and CFO effective October 20, 2025.
- Lau’s package includes a $800,000 base salary, 75% target bonus, $900,000 signing bonus, and $5 million in equity awards; employment term through March 31, 2027, with severance protections.
- Uber Technologies is partnering with Dollar General to integrate over 14,000 Dollar General and pOpshelf locations into the Uber Eats platform for on-demand and scheduled delivery, effective immediately and expanding through August 2025.
- Uber Eats is launching a 40% discount on orders of $20 or more (maximum $10 off) with promo code “40GENERAL,” plus no delivery fees for Uber One members, valid through September 30, 2025.
- Dollar General operates over 20,000 stores across the US and Mexico and ranks No. 16 on Progressive Grocer’s 2025 list of top food and consumables retailers in North America.
- Financial terms were not disclosed; the deal is expected to boost Uber’s revenue by increasing order volume and extend Dollar General’s presence in the on-demand delivery economy.
- Record quarterly sales of $10.44 billion, surpassing analyst expectations and prompting an upward revision to full-year earnings and sales guidance.
- Comparable-store sales rose by 2.4% at stores open at least a year, driven by larger transactions despite slightly lower traffic.
- Executives highlighted their “Back to Basics” strategy and successful mitigation of most tariff-related cost pressures, while noting ongoing uncertainty around future tariffs.
- Shares surged up to 16%, making Dollar General the top performer in the S&P 500 and boosting competitor Dollar Tree’s stock, as analysts point to discount retailers benefiting from consumer trade-downs.
- Sanofi agreed to acquire Blueprint Medicines for $9.5 billion upfront plus up to $6 per share in contingent value rights, valuing Blueprint at $129 per share, a 26–27% premium over recent closing price.
- The deal adds FDA- and EU-approved Ayvakit and pipeline assets elenestinib and BLU-808 to Sanofi’s rare disease and immunology portfolio.
- CVRs include $2 per share upon dosing the fifth patient in the first Phase 2b/Phase 3 trial and $4 per share upon regulatory approval of BLU-808.
- Analysts project Ayvakit could generate up to $2 billion in annual sales by 2030, and the transaction is expected to close in Q3 2025.
- Q4 performance: Net sales increased by 4.5% to $10.3 billion and the fiscal year surpassed $40 billion in sales with same-store sales up 1.2%, despite a slight traffic decline.
- Portfolio optimization actions: The company closed 96 Dollar General stores and shuttered 45 pOpshelf locations (with 6 converted to DG), contributing to a $232 million impairment charge and a Q4 EPS decline to $0.87.
- 2025 outlook and investments: Guidance calls for net sales growth of 3.4%-4.4%, same-store sales growth of 1.2%-2.2%, and EPS between $5.10 and $5.80; capital expenditures are expected to be $1.3-$1.4 billion, coupled with strategic investments in new stores, remodels, and digital initiatives including an expanded same-day delivery rollout with DoorDash.
Quarterly earnings call transcripts for DOLLAR GENERAL.
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