Overview

• Dollar General reported a 4.5% revenue increase in Q4 2024 to $10.3 billion, surpassing sales expectations but falling short on profit due to store optimization costs.
• The company plans to close 96 Dollar General stores and 45 Popshelf locations, representing less than 1% of its store base, while opening 575 new stores in 2025.
• CEO Todd Vasos highlighted ongoing financial struggles for core customers, with many only able to afford basic necessities, exacerbated by inflation and economic uncertainty.
• Despite challenges, Dollar General’s same-store sales grew by 1.2%, driven by higher transaction amounts, as more middle-income shoppers turned to discount retailers.
• The retailer is expanding delivery services to 10,000 stores and aims to mitigate tariff impacts, leveraging lessons from previous tariff periods in 2018 and 2019.