Dollar General (DG) Research | Aerarium Research

Forward Estimates

EPS Estimates

Current Qtr

$2.00

$1.90$2.09

vs $1.86+7.3%

20 analysts

Next Qtr

$1.39

$1.29$1.66

vs $1.28+8.9%

20 analysts

Current Yr

$7.37

$7.20$7.55

vs $6.85+7.6%

24 analysts

Next Yr

$7.98

$7.16$8.67

vs $7.37+8.3%

26 analysts

Revenue Estimates

Current Qtr

$11.19B

$11.15B$11.27B

vs $10.73B+4.3%

23 analysts

Next Qtr

$11.09B

$11.05B$11.14B

vs $10.65B+4.2%

23 analysts

Current Yr

$44.41B

$44.27B$44.56B

vs $42.72B+4.0%

29 analysts

Next Yr

$46.29B

$45.79B$47.25B

vs $44.41B+4.2%

29 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for DG on EDGAR.

DG filing events and research context
Filed	Item	Context
Mar 20, 2026	business	Dollar General operates the largest discount retail footprint in the United States, with 20,959 stores across 48 states and Mexico. The company utilizes a small-box, low-cost operating model centered on everyday low prices, typically under $10, to serve primarily low- and fixed-income households. Merchandise is categorized into four segments: consumables, which drive 82% of net sales but yield the lowest margins; seasonal; home products; and apparel. Seasonal and home categories provide higher gross profit margins. Growth strategies include new store development, international expansion via Mi Súper in Mexico, and store optimization through the Project Elevate and Project Renovate remodel programs. While the company has explored non-consumable formats like pOpshelf, it has paused expansion to evaluate performance. Operational efficiency is maintained through a limited SKU assortment to bolster purchasing power and a strategic distribution network, including temperature-controlled facilities for perishables. The company faces intense competition from mass merchants, convenience stores, and direct discount rivals such as Walmart, Dollar Tree, and Family Dollar, particularly regarding pricing, location, and digital integration.
Mar 20, 2026	mda	Dollar General utilizes a low-cost, small-box retail model targeting low- and fixed-income consumers through a value and convenience proposition. Consumables drive approximately 82% of net sales, including food, paper, and health products, though this category carries lower gross margins than seasonal and home goods. Growth strategies include U.S. store expansion and remodeling via Project Elevate, as well as international expansion in Mexico through the Mi Súper Dollar General brand. However, the company has paused expansion of its pOpshelf non-consumable concept following significant impairment charges. Key risks include customer sensitivity to economic shifts, such as inflation and changes to government assistance programs, and rising labor costs from minimum wage increases. Intense competition from Walmart, Family Dollar, and Dollar Tree necessitates continuous execution of merchandising and digital initiatives. Operational concerns include significant inventory shrinkage and the management of a complex distribution network. Additionally, maintaining investment-grade credit ratings while managing debt leverage is critical for sustaining the company's capital investment and growth plans. Analysts should closely monitor the company's ability to optimize its sales mix and mitigate the impact of inflationary pressures on both consumer spending and operating expenses.
Mar 20, 2026	risk_factors	Dollar General’s performance is highly sensitive to the economic stability of its value-conscious customer base, which is susceptible to inflation, unemployment, and fluctuations in government assistance programs like SNAP. Significant uncertainty remains regarding trade policy and the impact of tariffs on margins, particularly following the Supreme Court's invalidation of IEEPA-based tariffs. The company’s sales mix is heavily weighted toward lower-margin consumables—including food, pet supplies, and health and beauty products—which drive traffic, whereas higher-margin non-consumables like seasonal and home decor drive profitability. Operational risks include managing inventory shrink, damages, and rising labor costs driven by minimum wage increases. Strategic growth depends on the successful execution of store remodel programs, Project Elevate and Project Renovate, and the performance of the pOpshelf concept. Additionally, the company faces material legal risk from ongoing shareholder class action and derivative litigation alleging misrepresentations of labor, inventory, and pricing practices. Finally, managing significant lease obligations and debt servicing remains a critical liquidity concern in a fluctuating interest rate environment.

Filed

Item

Context

Mar 20, 2026

business

Dollar General operates the largest discount retail footprint in the United States, with 20,959 stores across 48 states and Mexico. The company utilizes a small-box, low-cost operating model centered on everyday low prices, typically under $10, to serve primarily low- and fixed-income households. Merchandise is categorized into four segments: consumables, which drive 82% of net sales but yield the lowest margins; seasonal; home products; and apparel. Seasonal and home categories provide higher gross profit margins. Growth strategies include new store development, international expansion via Mi Súper in Mexico, and store optimization through the Project Elevate and Project Renovate remodel programs. While the company has explored non-consumable formats like pOpshelf, it has paused expansion to evaluate performance. Operational efficiency is maintained through a limited SKU assortment to bolster purchasing power and a strategic distribution network, including temperature-controlled facilities for perishables. The company faces intense competition from mass merchants, convenience stores, and direct discount rivals such as Walmart, Dollar Tree, and Family Dollar, particularly regarding pricing, location, and digital integration.

Mar 20, 2026

mda

Dollar General utilizes a low-cost, small-box retail model targeting low- and fixed-income consumers through a value and convenience proposition. Consumables drive approximately 82% of net sales, including food, paper, and health products, though this category carries lower gross margins than seasonal and home goods. Growth strategies include U.S. store expansion and remodeling via Project Elevate, as well as international expansion in Mexico through the Mi Súper Dollar General brand. However, the company has paused expansion of its pOpshelf non-consumable concept following significant impairment charges. Key risks include customer sensitivity to economic shifts, such as inflation and changes to government assistance programs, and rising labor costs from minimum wage increases. Intense competition from Walmart, Family Dollar, and Dollar Tree necessitates continuous execution of merchandising and digital initiatives. Operational concerns include significant inventory shrinkage and the management of a complex distribution network. Additionally, maintaining investment-grade credit ratings while managing debt leverage is critical for sustaining the company's capital investment and growth plans. Analysts should closely monitor the company's ability to optimize its sales mix and mitigate the impact of inflationary pressures on both consumer spending and operating expenses.

Mar 20, 2026

risk_factors

Dollar General’s performance is highly sensitive to the economic stability of its value-conscious customer base, which is susceptible to inflation, unemployment, and fluctuations in government assistance programs like SNAP. Significant uncertainty remains regarding trade policy and the impact of tariffs on margins, particularly following the Supreme Court's invalidation of IEEPA-based tariffs. The company’s sales mix is heavily weighted toward lower-margin consumables—including food, pet supplies, and health and beauty products—which drive traffic, whereas higher-margin non-consumables like seasonal and home decor drive profitability. Operational risks include managing inventory shrink, damages, and rising labor costs driven by minimum wage increases. Strategic growth depends on the successful execution of store remodel programs, Project Elevate and Project Renovate, and the performance of the pOpshelf concept. Additionally, the company faces material legal risk from ongoing shareholder class action and derivative litigation alleging misrepresentations of labor, inventory, and pricing practices. Finally, managing significant lease obligations and debt servicing remains a critical liquidity concern in a fluctuating interest rate environment.

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DG filing events and research context

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