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DG

Dollar General Corporation

DG

Dollar General Corporation • NYSE
$109.50 ▲ 0.67% (+0.73)
Market Cap $24.10 B
52w High $117.95
52w Low $66.43
Dividend Yield 2.36%
P/E 20.32
Volume 1.38M
Outstanding Shares 220.11M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $10.728B ▲ $2.766B ▲ $411.426M ▲ 3.835% ▲ $1.87 ▲ $852.244M ▲
Q1-2025 $10.436B ▲ $2.655B ▼ $391.928M ▲ 3.756% ▲ $1.78 ▲ $828.906M ▲
Q4-2024 $10.304B ▲ $2.735B ▲ $191.217M ▼ 1.856% ▼ $0.87 ▼ $547.816M ▼
Q3-2024 $10.183B ▼ $2.612B ▲ $196.529M ▼ 1.93% ▼ $0.89 ▼ $570.816M ▼
Q2-2024 $10.21B $2.51B $374.19M 3.665% $1.7 $788.755M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $1.285B ▲ $31.653B ▲ $23.641B ▲ $8.012B ▲
Q1-2025 $850.018M ▼ $30.988B ▼ $23.284B ▼ $7.704B ▲
Q4-2024 $932.576M ▲ $31.133B ▼ $23.719B ▼ $7.414B ▲
Q3-2024 $537.257M ▼ $31.46B ▼ $24.118B ▼ $7.343B ▲
Q2-2024 $1.223B $31.814B $24.554B $7.26B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $411.426M ▲ $967.7M ▲ $-401.118M ▼ $-132.033M ▲ $434.549M ▲ $564.71M ▲
Q1-2025 $391.928M ▲ $847.155M ▲ $-290.376M ▼ $-639.337M ▼ $-82.558M ▼ $556.227M ▲
Q4-2024 $191.217M ▼ $800.901M ▲ $-271.357M ▲ $-134.225M ▲ $395.319M ▲ $528.11M ▲
Q3-2024 $196.529M ▼ $542.434M ▼ $-340.812M ▲ $-887.056M ▼ $-685.434M ▼ $201.02M ▼
Q2-2024 $374.19M $988.923M $-352.997M $-133.935M $501.991M $635.215M

Revenue by Products

Product Q2-2024Q3-2024Q4-2024Q1-2025
Apparel
Apparel
 $280.00M ▲$280.00M ▲$280.00M ▲$270.00M ▼
Consumables
Consumables
 $8.40Bn ▲$8.45Bn ▲$8.32Bn ▼$8.64Bn ▲
Home Products
Home Products
 $480.00M ▲$520.00M ▲$590.00M ▲$510.00M ▼
Seasonal
Seasonal
 $1.05Bn ▲$940.00M ▼$1.11Bn ▲$1.02Bn ▼

Five-Year Company Overview

Income Statement

Income Statement Dollar General has grown its sales steadily over the past five years, showing that customer demand remains solid. The challenge is profitability: operating income and net earnings have fallen meaningfully from their earlier highs, even as revenue increased. This points to rising costs, pricing pressure, or operational issues weighing on margins. The company is still clearly profitable, but it is earning less on each dollar of sales than it did a few years ago. Restoring margin quality is a central issue for the income statement story going forward.

Balance Sheet

Balance Sheet The balance sheet shows a large and growing store base and distribution footprint, with total assets trending higher over time. Debt levels are substantial and have increased compared with earlier years, while equity has also been rebuilding, which helps support the capital structure. Cash on hand is relatively modest but has improved recently, suggesting slightly more flexibility than in the past, though not a large liquidity cushion. Overall, the company is comfortably operating but carries meaningful leverage, so disciplined risk and debt management remain important, especially in a slow-profit-growth environment.

Cash Flow

Cash Flow Dollar General has consistently generated solid cash from its day‑to‑day operations, even in years when accounting profits came under pressure. In the middle of the period, heavy investment in new stores, remodels, and infrastructure squeezed free cash flow, but that has since improved as cash earnings recovered and spending became more balanced. The pattern suggests a business capable of funding its own growth, while still having some room for shareholder returns, but with less margin for error when profits are under strain. The key watch point is whether operating cash flow can stay strong enough to comfortably cover ongoing investments and debt obligations if margins remain tight.

Competitive Edge

Competitive Edge The company occupies a strong niche in discount retail, especially in rural and small-town markets where it often faces limited direct competition. Its model is built on convenience, everyday low prices, and a lean store format, which together create a meaningful barrier to entry. A tightly managed supply chain and growing private-label offering further deepen its cost advantage and customer loyalty. At the same time, Dollar General competes with giants like Walmart and other dollar-store chains, and faces pressures from higher labor costs, theft, and a financially stretched core customer. The moat is real, but maintaining it requires consistent execution in store operations and pricing discipline.

Innovation and R&D

Innovation and R&D Dollar General is leaning into practical, operations-focused innovation rather than traditional lab-style R&D. It is using artificial intelligence to improve ordering and inventory, automating parts of its distribution network, and expanding its private truck fleet to control logistics. On the customer side, mobile tools, digital coupons, partnerships for delivery, and its own retail media network aim to deepen engagement and create new, higher-margin revenue streams. Initiatives like DG Fresh for perishables, Project Elevate remodels, and health and financial service offerings all push the brand beyond a traditional dollar store. The upside is better efficiency and a more differentiated experience; the risk is execution complexity and ensuring these investments translate into sustainably higher profits.

Summary

Overall, Dollar General shows a mix of strengths and growing pains. Sales have held up well and the business continues to throw off meaningful cash, supported by a strong position in value-focused retail and a dense, hard-to-replicate store network. However, profitability has deteriorated from prior peaks, and the company carries a notable debt load, making margin recovery and cost control particularly important. Management is investing heavily in technology, supply chain upgrades, and store enhancements, which could pay off over time but currently weigh on reported profits. The central question for the next phase is whether these innovations and the back-to-basics strategy can restore earnings quality and returns while preserving the company’s deep value proposition to its core customers.

NEWS

November 13, 2025 · 4:15 PM UTC

Dollar General Corporation Names Emily Taylor as Chief Operating Officer

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November 6, 2025 · 6:50 AM UTC

Dollar General Corporation Announces Webcast of its Third Quarter 2025 Earnings Conference Call

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October 20, 2025 · 6:55 AM UTC

Jolly Good Deals: Dollar General Delivers Joy at Big Values This Holiday Season

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October 16, 2025 · 6:55 AM UTC

Celebrate the Season with Affordable Holiday Meal Solutions from Dollar General

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October 2, 2025 · 6:55 AM UTC

Dollar General Launches Season-Long Savings to Help Customers Celebrate More for Less

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