Dollar General Stock Price, News & Analysis

Dollar General has launched The Great Dollar General Book Match, a $1 million initiative starting October 21, to support teachers in filling classrooms with books. Funds will double donations for book-related projects on DonorsChoose, aiding literacy efforts nationwide. This follows a $1.45 million partnership with DonorsChoose this year and a broader $4.5 million investment in youth literacy. The Dollar General Literacy Foundation aims to ensure children have access to educational resources, emphasizing its commitment to improving literacy levels across the country.

Dollar General (NYSE: DG) has announced a $4.5 million investment aimed at enhancing youth literacy across the U.S. This investment includes over $3 million in grants, $1.45 million in partnership with DonorsChoose, and a $50,000 donation to a local literacy nonprofit. The funding is expected to positively impact more than 425,000 students through various literacy programs and resources. Dollar General's commitment to community support highlights its long-standing efforts in literacy advancement, having donated over $203 million since its foundation.

Dollar General has commenced construction on its first store in Idaho, marking its expansion into the 47th state. The new store is located in Athol, Kootenai County, and is set to open by spring 2022. This initiative aims to provide affordable essentials to Idaho shoppers and create job opportunities for local residents. As of July 2021, Dollar General operated over 17,600 stores, with 75% of Americans living within five miles of one.

Dollar General Corporation (NYSE: DG) announced its participation in a virtual fireside chat at the Barclays 2021 Global Consumer Staples Conference scheduled for September 8, 2021, at 12:00 p.m. ET. A live webcast will be available at https://investor.dollargeneral.com, with a replay accessible until October 8, 2021. Dollar General has been offering value to customers for over 80 years, operating 17,683 stores in 46 states as of July 30, 2021.

Dollar General announced it has successfully hired over 50,000 employees since mid-July, achieving its goal before Labor Day. This hiring initiative aims to fill positions across stores, distribution centers, and the DG Private Fleet, enhancing service to customers and communities. Additionally, Dollar General is offering a $5,000 sign-on bonus for drivers with an active Commercial Driver’s License (CDL). The company emphasizes career development and promotes from within, with more than 75% of Lead Sales Associates being internally placed.

Dollar General (NYSE: DG) reported Q2 2021 net sales of $8.7 billion, a slight decline of 0.4% year-over-year. Same-store sales decreased by 4.7%, affected by lower customer traffic. Gross profit margin dropped to 31.6%, primarily due to increased transportation costs. Operating profit was $849.6 million, down 18.5% from the previous year, while diluted EPS fell 13.8% to $2.69. The company declared a quarterly cash dividend of $0.42 per share. Despite the challenges, Dollar General updated its FY 2021 guidance, forecasting net sales growth of 0.5% to 1.5% and reaffirming plans for significant store openings.

Dollar General announces a $250,000 partnership with the American Red Cross to bolster disaster relief efforts through its Disaster Responder Program, aiding those affected by over 60,000 annual natural disasters in the U.S. CEO Todd Vasos emphasizes the importance of immediate care during crises, highlighting a 20-year history of support. Alongside corporate contributions, the partnership also includes aiding schools impacted by disasters through the Kids in Need Foundation and the Beyond Words grants program, which has provided over $2.6 million for library rebuilding since 2007.

Dollar General Corporation (NYSE: DG) is set to release its fiscal 2021 second quarter financial results for the period ending July 30, 2021, on August 26, 2021. A conference call will be hosted by CEO Todd Vasos, COO Jeff Owen, and CFO John Garratt at 9:00 a.m. CT/10:00 a.m. ET on the same day. To participate, dial (877) 407-0890 and enter conference ID 13720935. The call will also be available via live webcast and will be accessible for replay until September 23, 2021.

Dollar General (NYSE:DG) has launched its first two DG Market + pOpshelf store combinations in the Nashville area, located at White House and Hermitage, Tennessee. This innovative store format aims to enhance the shopping experience by offering a mix of grocery items and unique, affordable merchandise. The company will celebrate with a grand opening on July 31, 2021, where the first 100 adult customers at each location will receive $10 gift cards. Dollar General plans to open additional combination stores, aiming for a total of 25 by the end of the fiscal year.