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August 31, 2015 6:56 AM 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
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 Declares Quarterly Dividend Payable on September 30, 2015

Dollar General Corporation announced that the Company Board of Directors has declared a quarterly cash dividend of $0.22 per share on the Company common stock. The dividend will be payable on September 30, 2015 to shareholders of record at the close of business on September 16, 2015.

Dollar General Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 31, 2015; Reaffirms Earnings Guidance for the Full Year of 2015

Dollar General Corporation reported unaudited consolidated earnings results for the second quarter and six months ended July 31, 2015. For the quarter, net sales were $5,095,904,000 against $4,724,039,000 a year ago. Operating profit was $475,812,000 against $428,526,000 a year ago. Income before income taxes was $455,113,000 against $405,928,000 a year ago. Net income was $282,349,000 or $0.95 per basic and diluted share against $251,260,000 or $0.83 per diluted share a year ago. For the six months, net sales were $10,014,576,000 against $9,246,120,000 a year ago. Operating profit was $904,006,000 against $808,234,000 a year ago. Income before income taxes was $861,731,000 against $763,369,000 a year ago. Net income was $535,584,000 or $1.79 per diluted share against $473,658,000 or $1.54 per diluted share a year ago. Net cash provided by operating activities was $557,052,000 against $486,924,000 a year ago. Purchases of property and equipment were $247,051,000 against $191,414,000 a year ago. Total additions to property and equipment were $247 million, including: $95 million for improvements, upgrades, remodels and relocations of existing stores; $55 million for distribution and transportation-related capital expenditures; $53 million related to new leased stores, primarily for leasehold improvements, fixtures and equipment; $24 million for stores built by the company; and $18 million for information systems upgrades and technology-related projects. For the full year of 2015, the company reaffirmed total sales to increase 8.0% to 9.0% over the 2014 fiscal year, with same-store sales expected to increase 3.0% to 3.5%. Operating profit is expects to increase 7% to 9% over the 2014 adjusted operating profit. Diluted EPS is expected to be approximately $3.85 to $3.95. Considering sales performance to date and the current operating environment, management expectations are that same-store sales likely will be closer to the low-end of the range. Capital expenditures are expected to be in the range of $500 million to $550 million in 2015. Same store sales are expected to increase 3% to 3.5%.

Dollar General Corporation Announces Executive Changes

Dollar General Corporation announced that James 'Jim' Thorpe has rejoined the company as executive vice president and chief merchandising officer effective immediately. Thorpe brings 24 years of merchandising experience to the position including more than six years with Dollar General where he served as senior vice president and general merchandise manager from May 2006 until his retirement in July 2012. The company also announced that David D’Arezzo, executive vice president and chief merchandising officer, has departed effective August 6, 2015. Prior to Dollar General, Thorpe served in various positions of increasing importance and responsibility with Sears Holdings Corporation from 1991 to 2006 where his last position was Vice President and General Merchandise Manager—Hard Home of Sears Home Group.

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