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Dollar General Corp (DG)

DG on New York Consolidated

77.20USD
9 Dec 2016
Change (% chg)

$0.28 (+0.36%)
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Volume
2,132,907
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4,047,010
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Latest Key Developments (Source: Significant Developments)

Dollar General CEO - States which've seen SNAP reductions are about 100 basis pts worse in comparable sales
Thursday, 1 Dec 2016 11:35am EST 

Dollar General Corp : CEO on conf call - Q3 comparable sales hurt by softer customer traffic . CEO - estimate combined headwinds from average unit retail price deflation and reduction in SNAP benefits hurt Q3 same-store sales by 150 -175 basis pts, Q2 by 100-115 basis pts . Proactive pricing actions were implemented selectively across about 17% of store base and on about 450 items . CEO - "while these investments (proactive pricing actions) take time to deliver the full impact, seeing expected improvements in transactions, units and weekly same-store sales across vast majority of stores where we've made these investments." . CEO - "we invested in incremental promotional activity to drive traffic, although results were mixed and did not meet our overall expectations" . CEO - "as we moved through Q3, became apparent that our incremental actions would not be able to overcome the decline in traffic ...requiring greater-than-anticipated markdowns to move through inventory" . CEO - plan about 1,000 new store openings in 2017 . CEO - "clearly, our consumers' budgets are pinched" . CEO - "the cumulative effect of macroeconomic factors such as reduction of snap participation and benefit levels and increased housing and healthcare expenses appear to have taken a noticeable toll on (consumer) spending" . CEO - states which've seen SNAP reductions have seen comps go down by about 100 basis points.  Full Article

Dollar General Director Michael Calbert reports open market purchase of 13,000 shares of co's common stock
Thursday, 1 Sep 2016 01:45pm EDT 

Dollar General Corp :Director michael calbert reports open market purchase of 13,000 shares of co's common stock at average price of $75.53per share on aug 30-filing.  Full Article

Dollar General says taken retail price reductions of 10% on average on about 450 SKUs across 2,200 stores
Thursday, 25 Aug 2016 11:23am EDT 

Dollar General : Q2 greater than anticipated headwind from price deflation across key perishable items, retail prices down about 8% for milk and over 50% for eggs . Estimate headwinds from price deflation and reduction in snap benefits negatively impacted q2 same-store sales by about 60-70 basis points . A greater proportion of q2 sales growth came from consumables which carries a lower margin than non-consumables . Cfo- will refresh price investments in coming quarters to drive traffic and capture marketshare . Anticipate taking q3 charge of about $0.02 to $0.03 per share to relocate 40 dollar general locations into sites bought from wal-mart . Making aggressive pricing, labor and marketing investments in designated market areas to improve same-store sales and market share . Taken retail price reductions on average of 10% on about 450 of best-selling SKUs across 2200 stores representing nearly 17% of store base . Targeted price investments are in high household penetration fast-turning categories, also investing in communicating price breaks to consumers . "believe cumulative effect of macroeconomic factors such as reduction in snap participation and benefit levels and increased housing, healthcare expenses taking toll on (consumer) spending" . Ceo- " have the wherewithal to do (price investment) on our P&L" . Dg16 store layout is being used for all new stores, sales performance in stores using the DG16 layout exceeding our expectations.  Full Article

Dollar General sees EPS cut of about $0.02-$0.03 in Q3
Thursday, 25 Aug 2016 08:06am EDT 

Dollar General: Dollar General sees reduction of about $0.02 to $0.03 in diluted EPS during Q3 2016, primarily related to closed store lease obligations . Dollar General sees reduction due to expenses resulting from purchase of 41 former Walmart express store locations .Forty of these acquired stores will serve as relocation sites for existing stores, and 37 of 41 purchased stores will offer fueling stations.  Full Article

Dollar General Q2 earnings per share $1.08
Thursday, 25 Aug 2016 06:55am EDT 

Dollar General Corp : Dollar general reports second quarter 2016 financial results . Q2 earnings per share $1.08 . Q2 same store sales rose 0.7 percent . Q2 earnings per share view $1.09 -- Thomson Reuters I/B/E/S . Q2 sales $5.39 billion versus i/b/e/s view $5.5 billion . Confirms 2016 full year diluted eps guidance of 10% to 15% growth . Board of directors approves incremental $1.0 billion share repurchase authorization . Capital expenditures for fiscal 2016 are now expected to be in range of $580 million to $630 million . As of july 29, 2016, total merchandise inventories, at cost, were $3.27 billion compared to $3.03 billion as of july 31, 2015 .Fy earnings per share view $4.64 -- Thomson Reuters I/B/E/S.  Full Article

Dollar General Corp to establish commercial paper program
Wednesday, 3 Aug 2016 06:02am EDT 

Dollar General Corp : Entered definitive documentation to establish commercial paper program under which co may issue unsecured commercial paper notes .May issue notes from time to time in an aggregate amount not to exceed $1 billion outstanding at any time.  Full Article

Moody's upgrades Dollar General to Baa2
Wednesday, 1 Jun 2016 10:07am EDT 

Moody's:Moody's upgrades Dollar General to Baa2.  Full Article

Dollar General on conf call - "Consumer overall is back to work, probably feeling a little more confident and spending a little more"
Thursday, 26 May 2016 07:07am EDT 

Dollar General Corp : On conf call - zero-based budgeting strategy helped in Q1 . On conf call - new segments shopping with us include an older male middle income consumer and a millennial female shopper . Consumer overall is back to work, probably feeling a little more confident and spending a little more on non-consumables Further company coverage: [DG.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Dollar General says Q1 same store sales rose 2.2 percent
Thursday, 26 May 2016 06:55am EDT 

Dollar General Corp : Dollar General reports first quarter 2016 financial results . Q1 earnings per share $1.03 . Q1 same store sales rose 2.2 percent . Q1 earnings per share view $0.95 -- Thomson Reuters I/B/E/S . As of April 29, 2016, total merchandise inventories, at cost, were $3.07 billion compared to $2.84 billion as of May 1, 2015 . Net sales increased 7.0 percent to $5.27 billion in 2016 Q1 .Q1 earnings per share view $0.95, revenue view $5.28 billion -- Thomson Reuters I/B/E/S.  Full Article

Dollar General Corp recalls about 27,000 construction truck toy vehicles due to fire hazard
Thursday, 4 Feb 2016 01:34pm EST 

Dollar General Corp:Dollar General recalls construction truck toy vehicles due to fire and burn hazards; sold exclusively at Dollar General.U.S. Consumer Product Safety Commission says Dollar General recalls about 27,000 construction truck toy vehicles.U.S. Consumer Product Safety Commission says Dollar General has received five reports of the toy's remote control overheating.  Full Article

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Lower grocery prices, food stamp cuts hit Dollar General results

Discount retailer Dollar General Corp reported a surprise drop in quarterly comparable sales and tempered its full-year profit forecast, hit by lower grocery prices and reduced food stamp coverage in several U.S. states. | Video