Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Dollar General Corporation    DG

DOLLAR GENERAL CORPORATION (DG)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets

Dollar General : Extends Streak of Rising Sales, Plans 900 More Stores

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/07/2017 | 08:46pm CEST
By Sarah Nassauer 

Dollar General Corp. said quarterly sales rose at the fastest pace in nearly three years, a sign that the discount chain continues to find pockets of cash-strapped consumers by opening hundreds of new stores, many in rural areas.

Sales in existing stores rose 4.3% in the quarter ended Nov. 3, as more customers visited its small, convenient stores where they spend on average $12 per trip.

The Goodlettsville, Tenn.-based retailer confirmed it plans to open 1,285 stores in fiscal 2017, and 900 stores next year. Dollar General will also remodel 1,000 older stores, modernizing and adding refrigerated coolers to sell more fresh food and more space for health and beauty products.

Stores with more cooler space receive one additional trip per shopper on average, said Chief Executive Todd Vasos on a call with investors. "All ships in the harbor, if you will, rise within those remodels," said Mr. Vasos.

The retailer's stock rose 2% to $92.71 in mid-day trading. The shares have gained 25% so far this year.

Dollar General's rosy earnings report was similar to that of competitor Dollar Tree Inc. two weeks ago, as the small format chains, often located closer to shoppers than big-box competitors or traditional grocery stores, continue to appeal to budget-minded customers. Dollar Tree's sales in existing stores rose 3.3% in the most recent quarter.

Dollar General has grown rapidly in recent years, in part by opening thousands of stores in mostly rural areas to access more of its core shoppers: households that earn $40,000 a year or less.

With around 14,000 stores in the U.S., that strategy has proved fruitful, even as the economy grows, because rural communities have recovered more slowly than metropolitan areas.

On Thursday, Mr. Vasos said Dollar General will work to reach more urban customers as well.

"We are seeing that our brand is resonating in geographic areas that are new to us, as some of our highest sales performance is coming from areas where we historically have not had a presence," he said. "We anticipate that 75% of the U.S. population will be within five miles of a Dollar General by the end of fiscal 2017."

Net sales increased 11% to $5.9 billion during its third quarter. Profit rose 4.3% to $252.5 million. The company now predicts net sales will grow 7% this fiscal year, up from a previous forecast of 5% to 7%.

--Imani Moise contributed to this article.

Write to Sarah Nassauer at sarah.nassauer@wsj.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DOLLAR GENERAL CORPORATION
10/16DOLLAR GENERAL : Activist investor Icahn takes stake in Dollar Tree - NY Post
RE
10/10DOLLAR GENERAL : Construction around Tucson includes more student housing, Rayth..
AQ
10/05DOLLAR GENERAL CORPORATION : Ex-dividend day for
FA
09/20DOLLAR GENERAL : North Dakota city rejects land sale for Dollar General store
AQ
09/18DOLLAR GENERAL : to Host National Retail Recruiting Events
BU
09/11DOLLAR GENERAL CORPORATION : Report
CO
08/30DOLLAR GENERAL : Store Sales Rise, but Shoppers Feel Cash-Strapped
DJ
08/30DOLLAR GENERAL : Store Sales Rise, Though Shoppers Feel Pressure of Rising Costs..
DJ
08/30Dollar Tree misses comparable sales estimates on Family Dollar weakness
RE
08/30DOLLAR GENERAL CORPORATION : Reports Strong Second Quarter 2018 Financial Result..
AQ
More news
News from SeekingAlpha
10/16Dollar store sector jolted by Icahn interest 
10/09Discounters outpace market averages in early trading 
10/06Target to launch new discount brand 
10/04Spotlight on wages in retail sector 
10/03Holiday retail sales forecast to rise 4.3% to 4.8% 
Financials ($)
Sales 2019 25 564 M
EBIT 2019 2 188 M
Net income 2019 1 625 M
Debt 2019 2 652 M
Yield 2019 1,04%
P/E ratio 2019 17,97
P/E ratio 2020 16,26
EV / Sales 2019 1,24x
EV / Sales 2020 1,15x
Capitalization 29 148 M
Chart DOLLAR GENERAL CORPORATION
Duration : Period :
Dollar General Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DOLLAR GENERAL CORPORATION
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 115 $
Spread / Average Target 4,8%
EPS Revisions
Managers
NameTitle
Todd J. Vasos Chief Executive Officer & Director
Mike M. Calbert Chairman
John W. Garratt Chief Financial Officer & Executive Vice President
Warren F. Bryant Independent Director
William C. Rhodes Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
DOLLAR GENERAL CORPORATION14.39%27 817
COSTCO WHOLESALE CORPORATION20.63%99 447
WAL-MART DE MEXICO S A B DE C V14.69%50 031
TARGET CORPORATION29.67%44 535
BURLINGTON STORES INC27.43%10 503
DOLLARAMA INC-25.35%9 541