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DOLLAR GENERAL CORPDG

Sector
Consumer
Industry
Retail-Variety Stores
Exchange
NYSE

Stock Price $DG

Latest filings

You are here#13 of 17 in Consumer Staples by market cap

Filing record · 2016–202610-K1110-Q328-K90

DG filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 90 current reports (8-K) between 2016 and 2026.

  1. FY2017 annual report10-K · Mar ’17Mar ’17
  2. Material agreement8-K · Sep ’19Sep ’19
  3. Material agreement8-K · Dec ’21Dec ’21
  4. Leadership change8-K · Nov ’25Nov ’25

01—Key figures

Source: 10-KFY2026
Source: 10-KFY2026
Source: 10-KFY2026
Source: 10-KFY2026

Revenue Trend

Year-over-year comparison from 10-K annual reports

  17. $42.72B
YoY changeLargest recent move+21.6%in FY21Latest +5.2%

Latest bar from 10-KFY2026Click a bar to open its SEC filing

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All DG Financial Metrics52 metrics

Income Statement14

Balance Sheet23

Cash Flow10

Per Share5

02—Overview

DOLLAR GENERAL CORP Financial Overview 2022–2026

Updated Aug 8, 2026

After enduring years of severe margin compression, Dollar General engineered a massive 107-basis-point gross margin expansion to 30.7%a in FY2026. This profitability breakthrough proves the discount retailer is finally overcoming the inventory shrink and markdown pressures that had severely impaired its bottom line. By aggressively curtailing inventory damages and optimizing its merchandise mix, the company stabilized its core low-cost operating model and halted a multi-year profit slide.

Despite bottom-line volatility, top-line expansion remained unbroken as revenue grew from $34.22 billion in FY2021 to $42.72 billionb in FY2026. The company faced its most severe test in FY2025, when operating profit plunged 29.9% to $1.71 billion amid a punishing shift toward lower-margin consumables and a $214.2 million impairment charge. However, management aggressively corrected course the following year. In FY2026, the retailer delivered 3.0% same-store sales growth, shrank merchandise inventories by 6%, and repaid $1.7 billion in long-term debt to fortify the balance sheet.

The market’s repricing of this operational turnaround was swift. When peak inventory struggles clouded its outlook at the close of FY2025, the stock languished at $71.06c and traded at just 13.9x earnings. Just one year later, after proving its loss mitigation and margin recovery strategies were effective, shares closed FY2026 at $143.43, commanding a much richer 20.9x earnings multiple and a $31.6 billion market capitalization.

Recent Developments (Q4 2026 and Q2 2027)

Dollar General announced a major leadership transition, with Jerry W. "JJ" Fleeman, Jr. succeeding Todd J. Vasos as CEO effective January 1, 2027. Operationally, the company maintained positive momentum in Q1 2026, growing net sales by 3.4% to $10.79 billiond. This gain was supported by a 2.0% increase in same-store sales and a 1.4% rise in customer traffic. Profitability accelerated, with net income jumping 13.3% to $444.1 million, translating to $2.00 in diluted earnings per share. First-quarter gross margins expanded 65 basis points to 31.6%, driven by improved inventory markups.

Bulls argue that planned capital expenditures of $1.4 billion to $1.5 billione for store remodels and technology upgrades will secure long-term growth. Bears warn that persistent inflation and higher transportation costs could squeeze the retailer's value-conscious shoppers. Shares traded at 15.5x earnings as of June 2, 2026, indicating the market remains cautious about the broader retail environment.

What to watch: the execution of the upcoming CEO transition; customer traffic resilience amid ongoing macroeconomic pressures

03—Filings

Recent SEC Filings

  1. 8-KDOLLAR GENERAL CORP 8-K Report, Executive Changes (Aug 28, 2026)Dollar General Corporation (NYSE: DG) disclosed in an 8-K filed August 28, 2026 that Rhonda M. Taylor, Executive Vice President and General Counsel, intends to retire. Taylor notified the company on August 25, 2026. She will remain in her current role through December 6, 2026, then move to a senior advisory role through at least April 2, 2027. The filing is a leadership transition announcement rather than a financial disclosure, and it contains no earnings, guidance, or financial statement information. The succession plan is orderly. Kelly Collier, currently SVP and Assistant General Counsel for Business Law, will be promoted to EVP and General Counsel effective December 7, 2026. Collier has been with Dollar General since 2009 and oversees regulatory compliance, commercial contracts, business litigation, customs, intellectual property, and global compliance, so she is an internal successor with broad legal experience. Taylor's remit has been wider than the legal function, covering global compliance, internal audit, risk, public policy and government affairs, public relations, and corporate social responsibility. Investors should watch whether those non-legal responsibilities are reassigned along with the General Counsel role. For investors, the event is best viewed as a low-impact, pre-planned transition. The overlap period and the advisory role through April 2027 support continuity. The filing does not disclose any change in Taylor's compensation, and no financial impact is quantified. The company's CEO, Todd Vasos, praised Taylor's governance and compliance work, which is a reasonable positive signal about the handover.
  2. 8-KDOLLAR GENERAL CORP 8-K Report, Financial Results (Aug 27, 2026)Dollar General (DG) reported fiscal Q2 2026 results (13 weeks ended July 31, 2026) that beat expectations and prompted a raise to full-year guidance. Net sales rose 5.2% to $11.29 billion, same-store sales grew 3.5% (2.0% traffic, 1.5% average ticket), and operating profit increased 29.2% to $769.2 million. Diluted EPS climbed 33.3% to $2.48 versus $1.86 a year earlier. Management attributes a meaningful share of the margin expansion to one-time tariff refunds: about 81 basis points of gross margin and 66 basis points of operating margin, or roughly $0.25 of EPS, after related reinvestments. Excluding that benefit, the underlying improvement is still solid, though smaller than the headline figures suggest. For fiscal 2026 the company raised guidance: net sales growth to 4.0%–4.3% (from 3.7%–4.2%), same-store sales growth to 2.5%–2.9% (from 2.2%–2.7%), and diluted EPS to $7.80–$8.00 (from $7.20–$7.45). The EPS guidance includes the $0.25 tariff benefit, and management said it does not expect a material tariff-refund impact in the second half. Share repurchases of up to $700 million are planned, with buybacks resuming in the second half, and the quarterly dividend was declared at $0.59 per share. Capital expenditures are still expected at $1.4–$1.5 billion, with about 450 new U.S. stores and about 10 in Mexico planned. Balance sheet and cash flow show some pressure. Year-to-date operating cash flow fell to $1.50 billion from $1.81 billion, driven by working capital and higher income tax payments, while cash paid for income taxes rose to $382 million from $175 million. Long-term obligations declined to $4.56 billion from $5.73 billion a year earlier, and merchandise inventories were roughly flat in dollar terms while declining 2.7% per store. Investors should weigh the strong earnings momentum against the one-time nature of the tariff benefit and the decline in operating cash flow.
  3. 8-KDOLLAR GENERAL CORP 8-K Report, Financial Results (Jun 2, 2026)Dollar General reported first-quarter fiscal 2026 results (13 weeks ended May 1, 2026) that beat its own EPS expectations, with diluted EPS rising 12.4% to $2.00 on net sales of $10.8 billion (up 3.4%) and same-store sales growth of 2.0%. Operating profit grew 10.8% to $638.5 million, driven by a 65 basis point gross margin expansion (to 31.6%) from higher markups and lower shrink, partially offset by higher SG&A (25.7% of sales, up 25 bps) tied to depreciation, utilities and property taxes. Net interest expense fell 26.9% to $47.2 million, though the effective tax rate rose to 24.9% from 23.4%, largely due to expired federal tax credits. The company raised the low and high ends of its fiscal 2026 diluted EPS guidance by $0.10 to $7.20–$7.45, while holding net sales growth (3.7%–4.2%), same-store sales growth (2.2%–2.7%) and capex ($1.4–1.5 billion) guidance unchanged. The EPS raise reflects a lower assumed tax rate of about 24.5%, versus roughly 25% previously. Guidance assumes no share repurchases and excludes any potential tariff refund payments. Balance-sheet and cash-flow data show operating cash flow of $716 million (down from $847 million a year earlier, driven by a $308 million inventory build), cash rising to $1.35 billion, and long-term obligations reduced to $4.56 billion from $5.72 billion a year ago. The board also declared a $0.59 quarterly dividend payable July 21, 2026, and shareholders re-elected all nine directors and approved executive compensation, while rejecting three shareholder proposals. For investors, the key takeaways are the solid margin-driven earnings beat and modest guidance raise, against softer operating cash flow, a higher tax rate, and inventory levels that rose 0.7% in total while declining on a per-store basis by 1.6%. The filing also notes that severe winter weather and higher fuel costs weighed on the quarter, and that the company remains exposed to tariff uncertainty and Middle East-related energy cost risks.
  4. 8-KDOLLAR GENERAL CORP 8-K Report, Executive Changes (Mar 24, 2026)Dollar General (DG) announced via this 8-K filed March 24, 2026 that its Board has selected Jerry W. "JJ" Fleeman Jr., currently CEO of Ahold Delhaize USA, to succeed Todd Vasos as Chief Executive Officer effective January 1, 2027. Fleeman, 52, brings more than 35 years of grocery retail experience, including leadership of Peapod Digital Labs and his current role running the U.S. operations of Ahold Delhaize. The Board intends to appoint him as a director on the Transition Date. This is a planned, long-dated succession rather than an abrupt departure, which generally reduces near-term execution uncertainty for investors. Vasos will remain CEO until the Transition Date, then serve as Senior Advisor reporting to the Chairman through April 2, 2027, and stay on the Board. The Transition Agreement is effective immediately but becomes void if Fleeman has not started by January 2, 2027, which reflects a contingency tied to the start date. Vasos's base salary remains $1.65 million with a 200% target bonus, and he receives a 2026 equity award with a nominal value of about $12 million, with 50% RSUs and 50% PSUs tied to adjusted EBITDA and average adjusted ROIC. His 2023 stock option vesting is also modified, with the earliest vesting date set at October 12, 2027. Fleeman's compensation package is substantial: a $1.25 million base salary, a 150% target bonus, a $500,000 signing bonus subject to two-year clawback, a roughly $4 million inducement RSU grant, and a new-hire equity award with a nominal annual value of $7.5 million split between RSUs and ROIC-based PSUs. Severance provisions include 24 months of salary and two times target bonus on termination without cause or for good reason. Investors should weigh this pay against the performance-linked components and the long runway before the transition takes effect.
  5. 8-KDOLLAR GENERAL CORP 8-K Report, Financial Results (Mar 12, 2026)Dollar General (NYSE: DG) reported strong fiscal 2025 fourth-quarter and full-year results for the periods ended January 30, 2026. Q4 net sales rose 5.9% to $10.9 billion, same-store sales grew 4.3% (traffic +2.6%, average ticket +1.7%), and diluted EPS more than doubled to $1.93 from $0.87. The year-over-year comparison is flattered by a roughly $232 million fiscal 2024 charge tied to the store portfolio optimization review (about $0.81 per share), so the rebound is partly a lapping effect. Even so, gross margin expanded 105 basis points in Q4 to 30.4%, driven by lower shrink, higher markups, and lower damages, and full-year operating profit rose 28.6% to $2.2 billion. Full-year operating cash flow reached $3.6 billion, and the company repurchased no shares, as planned. For fiscal 2026 (ending January 29, 2027), management guided to net sales growth of 3.7% to 4.2%, same-store sales growth of 2.2% to 2.7%, and diluted EPS of $7.10 to $7.35. That EPS range absorbs a roughly $0.13 headwind from the expiration of the Work Opportunity Tax Credit and assumes a tax rate near 25%. Capital expenditures are planned at $1.4 to $1.5 billion, with about 450 new U.S. stores and 10 in Mexico, plus continued Project Renovate and Project Elevate remodels. The board declared a quarterly dividend of $0.59 per share, and the company reiterated its long-term framework of 10%+ adjusted EPS growth and 6% to 7% operating margin, with margin targeted to begin in 2028/2029. Investors should weigh the strong earnings momentum against several considerations. Balance sheet deleveraging is evident, with long-term obligations falling to $4.6 billion from $5.7 billion, but cash-funded debt repayment of $1.7 billion in the year reduced financial flexibility for buybacks. Total store count fell to 20,893 after 290 closures, and fiscal 2026 same-store sales guidance is a step down from the 3.0% achieved in fiscal 2025. The filing is a furnished Regulation FD disclosure, not a filed financial statement, and the guidance is forward-looking and subject to the risk factors listed in the release.
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04—See also

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