Dollar General is a small-box discount retailer selling everyday necessities and selected general merchandise through 21,148 stores across 48 U.S. states and Mexico as of July 31, 2026.
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A snapshot of what DOLLAR GENERAL CORP owns and owes at a point in time.
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3 reports in this collection
| Report period | Filed with SEC | Form | Source |
|---|---|---|---|
| Feb 2, 20240001558370-24-003813 | Mar 25, 2024 | 10-K | Open 10-Ksec.gov |
| Jan 31, 20250001558370-25-003413 | Mar 21, 2025 | 10-K | Open 10-Ksec.gov |
| Jan 30, 20260001104659-26-032325 | Mar 20, 2026 | 10-K | Open 10-Ksec.gov |
Dates describe the filing metadata. Figures and reporting periods should be checked against the original statement. SEC links open in a new tab.
Dollar General’s recovery continued into fiscal 2026: more customer visits and higher transaction values lifted sales, while earnings benefited from tariff refunds, lower inventory-accounting expense and lower interest costs. Second-quarter GAAP diluted EPS reached $2.48 versus $1.86, including an estimated $0.25 tariff-refund benefit after reinvestment. That benefit is not a recurring earnings baseline. Cash generation was less encouraging: first-half operating cash flow fell despite higher profit, while capital spending increased. Management raised its full-year outlook and planned to restart buybacks, but purchases remain conditional. Substantial lease obligations, financially constrained customers, uncertain tariffs and pending litigation remain important counterweights. The latest supplied operating results cover July 31, 2026; subsequent announcements establish plans and declarations, not completed future transactions.
Sources: 10-Q · 2026-07-31 · EX-99 · 2026-08-27
Dollar General combines convenient locations, a focused assortment and national and private brands, typically priced at $10 or less. Consumables represented 82.24% of first-half fiscal 2026 sales and generally earn lower gross margins than discretionary merchandise. Non-consumables had outpaced consumables in comparable-sales growth for six quarters, but necessities still dominate the economics. The company reports one operating segment; merchandise categories and pOpshelf are not separate reported profit segments.
Management says delivery contributes meaningfully to comparable sales, but separate delivery, DG Media Network and pOpshelf profitability is not quantified. Substantially all vendor consideration, including media-network receipts, reduces merchandise purchase costs rather than constituting separately disclosed advertising revenue. New pOpshelf expansion was paused in 2025; 179 standalone stores remained at July 31, 2026.
Sources: 10-K · 2026-01-30 · 10-Q · 2026-07-31
The August 27, 2026 filings report second-quarter sales of $11.290 billion, up 5.2%, and GAAP net income of $550.3 million versus $411.4 million. Comparable sales rose 3.5%, comprising 2.0% more traffic and 1.5% higher average transaction value. Higher item prices supported spending, while items per transaction declined. First-half sales reached $22.077 billion versus $21.164 billion, and diluted EPS rose to $4.49 from $3.64. A slightly larger diluted share count moderated EPS growth rather than driving it.
Quarterly gross margin reached 32.60%. Management estimated that tariff refunds after related reinvestment contributed 81 basis points to quarterly gross margin, 66 basis points to operating margin and $0.25 to diluted EPS. The 41-basis-point first-half gross-margin estimate overlaps the quarterly benefit and must not be added to it. Most expected refunds were received during the quarter, but gross receipts, exact reinvestment dollars and a complete cash-to-earnings reconciliation are unavailable. Lower LIFO inventory expense and distribution costs also helped; markdowns and transportation costs offset part of the improvement. Lower interest expense supported net income, while expired federal tax credits increased the tax rate. Interim LIFO estimates remain subject to year-end adjustment.
For fiscal 2026 ending January 29, 2027, management raised expected sales growth to 4.0%–4.3% from 3.7%–4.2%, comparable-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 outlook includes the approximately $0.25 refund benefit and assumes an approximately 24.5% tax rate. Management expects no material net refund impact in the second half. It attributes the revision to strong first-half results and an improved outlook, but does not allocate the entire increase among operating performance, financing, taxes and prospective repurchases.
Sources: 10-Q · 2026-07-31 · EX-99 · 2026-08-27
First-half operating cash flow fell to $1.497 billion from $1.815 billion. Inventory, vendor receivables, tax payments and compensation timing absorbed cash, partly offset by higher accounts payable and earnings. Inventory was above fiscal year-end even though inventory per store was below the prior-year quarter: the comparisons use different dates and denominators. Supplier-finance obligations of $406.3 million are payment obligations, not extra liquidity.
Cash capital expenditure rose to $758.5 million from $693.9 million, principally supporting stores, distribution and transportation. Operating cash flow less cash capex was $738.3 million versus $1.121 billion—an analytical cash residual before dividends and financing, not profit or a company-defined free-cash-flow measure. First-half dividends used $260.3 million. Cash nevertheless increased to $1.590 billion, with much smaller debt repayments than a year earlier. Annual capex guidance remained $1.4–$1.5 billion; planned openings, remodels and relocations still require execution.
Sources: 10-Q · 2026-07-31 · EX-99 · 2026-08-27
At July 31, debt carrying value was $4.571 billion, excluding $11.202 billion of operating-lease liabilities. Senior-note maturities begin in 2028. The undrawn $2.375 billion revolver matures September 3, 2029; management described $2.18 billion of incremental liquidity after commercial-paper backing. Revolver and commercial-paper capacity cannot be added as independent resources. Covenant compliance was reported at July 31, but numerical thresholds, actual ratios and headroom were not supplied. Earlier temporary covenant relief restricted repurchases and certain liens and subsidiary debt; the later compliance statement does not establish unrestricted transaction capacity.
No open-market shares were repurchased in the first half. Management intended to resume purchases in the second half, with guidance of up to $700 million, subject to cash needs, market conditions and debt restrictions. Remaining authorization was approximately $1.38 billion in the 10-Q and $1.4 billion in the release; neither is a spending commitment. The June 1 and August 26 declarations each specified a $0.59 dividend, payable by July 21 and October 20 to July 7 and October 6 record holders, respectively. Those announcements do not independently confirm settlement.
Sources: 10-K · 2026-01-30 · 10-Q · 2026-07-31 · 8-K · 2026-05-28 · 8-K · 2026-08-27 · EX-99 · 2026-08-27
Management describes customers as financially constrained. Higher fuel costs, uncertain tariffs, elevated inventory damages and expired WOTC hiring credits remain pressures. Remodels, delivery and inventory controls may help, but benefits are not assured. The first financial-reporting ERP phase went live in the second quarter, with further phases expected across 2026–2027. Management reported effective disclosure controls; implementation risk is not evidence of an existing control failure.
Securities litigation remains pending. The court allowed a third amended complaint on March 24, 2026; defendants moved to dismiss on April 21, with briefing completed May 29. The earlier dismissal without prejudice did not end the case. Losses were not estimable and an adverse outcome could be material, notwithstanding management’s broader expectation that pending matters would resolve without a material adverse effect.
The March 24 filing disclosed a CEO succession approved March 20: JJ Fleeman was expected to succeed Todd Vasos on January 1, 2027, with Vasos advising through April 2. If a new CEO does not start by January 2, the transition agreement becomes void unless replaced or extended by agreement. Separately, the August 28 filing reported General Counsel Rhonda Taylor’s August 25 retirement intention, with an expected advisory transition on December 7 through at least April 2, 2027. Neither transition is established as completed.
Sources: 10-Q · 2026-07-31 · 8-K · 2026-03-20 · 8-K · 2026-08-25
USD 42.724369 bn
FY2025 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD 42.724369 bn | 5.2% |
| 2024 | USD 40.612308 bn | 5.0% |
| 2023 | USD 38.691609 bn | — |
Consolidated retail sales net of discounts and sales taxes.
Sources: 10-K · 2026-01-30
USD 1.512311 bn
FY2025 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD 1.512311 bn | 34.4% |
| 2024 | USD 1.125253 bn | -32.3% |
| 2023 | USD 1.661274 bn | — |
Consolidated GAAP net income after income taxes.
Sources: 10-K · 2026-01-30
USD 3.6345 bn
FY2025 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD 3.6345 bn | 21.3% |
| 2024 | USD 2.996064 bn | 25.3% |
| 2023 | USD 2.391798 bn | — |
GAAP operating cash flow after working-capital changes and noncash adjustments.
Sources: 10-K · 2026-01-30
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