Dollar General

Dollar General Corporation (Dollar General) is a discount retailer based in Goodlettsville, Tennessee. It had 21,148 stores in 48 US states and Mexico at July 31, 2026. It sells consumables, seasonal goods, home products and apparel. In the year that ended January 30, 2026 (fiscal 2025), net sales were $42,724.4 million, operating profit was $2,203.7 million and net income was $1,512.3 million.

In fiscal 2026, it plans about 4,730 real estate projects: about 450 new stores in the United States, about 10 new stores in Mexico, and the remodel or relocation of about 4,270 existing stores. Todd Vasos is Chief Executive Officer. The company files 10-K and 10-Q reports with the SEC, and its common stock trades on the New York Stock Exchange in US dollars.

The price of Dollar General depends on whether it can keep growing sales and margin without the help of tariff refunds, and on how a lawsuit of the Federal Trade Commission ends. In Q2 of fiscal 2026, net sales rose 5.2% to $11.3 billion. Same-store sales rose 3.5%, with customer traffic up 2.0%, and operating profit rose 29.2% to $769.2 million. The company says that tariff refunds, after related reinvestments, added about 66 basis points to the operating margin and about $0.25 to EPS in the quarter.

It raised its guidance for fiscal 2026 to net sales growth of 4.0% to 4.3% and diluted EPS of $7.80 to $8.00. On October 26, 2026, the FTC and several states filed a lawsuit in the United States District Court for the Middle District of Tennessee. They say that the company broke the FTC Act, the Gramm-Leach-Bliley Act and state laws on consumer protection, and they seek an injunction, money and civil penalties. The company says that it will defend itself and that the demands of the FTC staff were unreasonable.

For the price to hold or rise, three things must be true. Traffic and same-store sales must keep growing in all four categories. The margin must hold when the refunds end, helped by lower distribution costs. The case must end without a large payment or a change that hurts sales.

The next tests are the Q3 report, expected in December 2026, and the first steps of the court case.

1. Dec 3, 2026 · est.Pending

   Q3 fiscal 2026 results: margin and trafficSame-store sales and customer traffic keep growing and diluted EPS stays in the guided range of $7.80 to $8.00 for the year, and this passes; a cut to the guidance fails.
2. 2027 · est.Pending

   FTC lawsuit: first rulings or a settlementThe company settles or wins early rulings without a large payment or a change that hurts sales, and this passes; a large payment or a strict order fails.

Every passed and failed checkpoint across all picks

• November 5, 2026A director, Timothy I. McGuire, told the company that he will resign from the board for personal reasons, effective December 3, 2026. The company said that he does not disagree with it on any matter.
• October 26, 2026The FTC and several states filed a lawsuit against Dollar General in federal court in Tennessee. The company said that the FTC staff sent it a draft complaint on September 23, 2026, and demanded significant monetary relief. The company will defend the case and said that it could have a material adverse effect on its financial statements if the defense fails.
• August 27, 2026Dollar General reported Q2 fiscal 2026 results. Net sales rose 5.2% to $11.3 billion, same-store sales rose 3.5%, operating profit rose 29.2% to $769.2 million and diluted EPS rose 33.3% to $2.48. Cash flow from operations for the half-year was $1.5 billion.

Last earnings

August 27, 2026 (8-K on sec.gov)

Next earnings

Expected about December 3, 2026. The company has not confirmed the date.

• 8-KChange of directors or officersFiled November 10, 2026 · Read it on sec.gov
• 8-KOther company newsFiled October 26, 2026 · Read it on sec.gov
• 8-KChange of directors or officers and Investor disclosureFiled August 28, 2026 · Read it on sec.gov
• 10-QQuarterly report for the period ended Jul 31, 2026Filed August 27, 2026 · dg-20260731x10q
• 8-KEarnings release and Investor disclosureFiled August 27, 2026 · Press release and exhibits
• 10-QQuarterly report for the period ended May 1, 2026Filed June 2, 2026 · dg-20260501x10q
• 8-KEarnings release and Shareholder vote resultsFiled June 2, 2026 · Press release and exhibits
• 8-KChange of directors or officers and Investor disclosureFiled March 24, 2026 · Read it on sec.gov
• 10-KAnnual report for the period ended Jan 30, 2026Filed March 20, 2026 · dg-20260130x10k
• 8-KEarnings release and Investor disclosureFiled March 12, 2026 · Press release and exhibits

Every filing on SEC EDGAR (CIK 29534)

• The FTC lawsuit can lead to payments and changes in how the company sells goods. The plaintiffs seek an injunction, a monetary judgment and civil penalties. The company says that the demands overstate any harm, but it cannot promise that it will win.
• Part of the margin gain will not come again. Tariff refunds added about 66 basis points to the operating margin in Q2, and a lower LIFO provision also helped. Markdowns and transport costs rose.
• Costs of a big real estate plan can rise. Capital spending of $1.4 billion to $1.5 billion is planned for fiscal 2026, and the company plans about 4,730 projects, including about 450 new stores. Capital spending was $758 million in the first half.
• Interest and lease costs are large. Long-term obligations were $4.56 billion and operating lease liabilities were $11.2 billion at July 31, 2026.
• Debt falls due from 2028. Senior notes of about $500 million each fall due on May 1, 2028 and July 5, 2028, and notes of about $965 million fall due on April 3, 2030.

At July 31, 2026, Dollar General had cash and cash equivalents of $1,589.6 million, against $1,284.6 million at January 30, 2026. Long-term obligations were $4,558.1 million, and the current portion was $12.7 million. Read more

Yield at the current rate

1.7% (current annual rate, at today’s price)

Dividend yield

1.7% (last 12 months, at today’s price of $137.44)

Paid per share

$2.36 in the last 12 months (4 payments)

Current annual rate

$2.36 ($0.59 × 4 a year)

Payout ratio

34% of the last fiscal year’s earnings (the year that ended January 30, 2026)

Latest ex-dividend date

October 6, 2026, $0.59 per share

Dividends per share by year

From 2020 to 2025, the dividend grew by about 11.0% a year. From 2015 to 2025, the dividend grew by about 10.4% a year.

Source: company filings and market data, read on November 13, 2026. The ex-dividend date is the first day a buyer no longer gets the next payment.