All as it continues to gap higher on strong earnings and a dividend. Not only did the company just declare a 59-cent dividend (payable on January 20 to shareholders of record as of January 6), it also just earned a profit of $1.28, up 44% year over year, and 35 cents better than expected. Sales of $10.65 billion, up 4.6% year over year, beat estimates by $50 million.
Case in point: A rotating selection of about 500 items that Dollar General sells in its stores for $1 - which the company calls "Value Valley" - sold at twice the rate of everything else that the retailersold during its second quarter, Vasos said on the company's most recent earnings call. That made the $1 section "one of our strongest performing areas in the quarter," he said.
We independently select these products-if you buy from one of our links, we may earn a commission. All prices were accurate at the time of publishing. Even though it feels like summer just started, kids are already going back to school, which means fall isn't far off. While it's always sad to bid farewell to a season, there's joy in knowing that another fresh start lies ahead, specifically when it comes to decor.
Dollar General turned in a stronger-than-expected second quarter, showing it can grow both sales and profitability in a retail backdrop where incumbents like Target are flailing. Revenue rose 5.1% to $10.7 billion, fueled by continuous same-store sales growth and new store openings, and earnings per share climbed 9.4% to $1.86. Operating profit increased 8.3% as tighter inventory control and lower shrink boosted margins, highlighting how the discounter's multiple initiatives allow it to expand margins while pulling in more shoppers across income levels.
Dollar General released a cute ocean blue tumbler for just $1, ideal for staying hydrated during the hot summer months. It's made from durable plastic and features a stylish design.
Dolly Parton has launched a new collaborative collection with Dollar General featuring affordable kitchenware and home decor that embodies her signature Southern charm.
