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July 31, 2015 6:09 PM ET

Multiline Retail

Company Overview of Dollar General Corporation

Company Overview

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products comprising paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food products, such as cereals, canned soups and vegetables, condiments, spices, sugar, and flour; perishables consisting of milk, eggs, bread, frozen meals, beer, and wine; snacks that comprise candies, cookies, crackers, salty snacks, and carbonated beverages; health and beauty products, such as over-the-counter medicines, as...

100 Mission Ridge

Goodlettsville, TN 37072

United States

Founded in 1939

105,500 Employees

Phone:

615-855-4000

Key Executives for Dollar General Corporation

Chief Executive Officer and Director
Age: 53
Total Annual Compensation: $765.3K
Chairman and Senior Advisor
Age: 61
Total Annual Compensation: $1.3M
Chief Merchandising Officer and Executive Vice President
Age: 56
Total Annual Compensation: $663.3K
Executive Vice President of Global Supply Chain
Age: 63
Total Annual Compensation: $452.7K
Compensation as of Fiscal Year 2014.

Dollar General Corporation Key Developments

Dollar General Corporation Appoints John W. Garratt as Interim Chief Financial Officer

Dollar General Corporation announced the appointment of John W. Garratt as interim chief financial officer effective July 1, 2015. He follows David Tehle, who had previously announced his retirement in March 2015. Garratt, who is currently the senior vice president of finance and strategy, will now oversee all aspects of the company’s financial, accounting and information technology operations until a new CFO is in place. Prior to joining company in 2014, Garratt held various positions of increasing responsibility in the finance organization of Yum! Brands between May 2004 and October 2014, and held leadership positions in corporate strategy and financial planning. Most recently, he was vice president, finance and division controller for KFC.

Dollar General Corporation Announces Executive Changes

Dollar General Corporation announced that Jeff Owen will rejoin the company as executive vice president of store operations effective June 15, 2015. Owen previously spent more than 20 years with Dollar General where his most recent role was senior vice president of store operations. The Company also announced that Greg Sparks, EVP of store operations, has departed effective June 9, 2015.

Dollar General Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended May 1, 2015; Provides Earnings Guidance for the Year 2015

Dollar General Corporation reported unaudited consolidated earnings results for the first quarter ended May 1, 2015. For the quarter, the company reported net sales of $4,918,672,000 against $4,522,081,000 a year ago. Operating profit was $428,194,000 against $379,708,000 a year ago. Income before income taxes was $406,618,000 against $357,441,000 a year ago. Net income was $253,235,000 against $222,398,000 a year ago. Basic and diluted earnings per share were $0.84 against $0.72 a year ago. Net cash provided by operating activities was $343,893,000 against $251,460,000 a year ago. Purchases of property and equipment were $99,929,000 against $84,088,000 a year ago. For the fiscal year 2015, the company expects total sales to increase 8% to 9% over the 2014 fiscal year, with same-store sales expected to increase 3% to 3.5%. Operating profit for 2015 is expected to increase 7% to 9% over the 2014 adjusted operating profit. Diluted EPS for the fiscal year is expected to be approximately $3.85 to $3.95. Capital expenditures are expected to be in the range of $500 million to $550 million in 2015.

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