$DG (Dollar General Corporation)

$DG {{ '2016-03-23T21:04:16+0000' | timeago}} • Announcement

$DG said its long-term target is to deliver total annual shareholder returns of 11-17%. The company plans to open about 900 new stores and relocate or remodel 875 stores in FY16. For FY17, $DG forecasts about 1,000 new stores and relocations or remodels of about 900 stores in line with its growth model of 6-8% square footage growth.

$DG {{ '2017-06-22T20:33:03+0000' | timeago}} • Announcement

$DG named Jason Reiser as executive vice president and chief merchandising officer, effective July 12. Reiser, who replaces the recently retired Jim Thorpe, most recently served as executive vice president and chief operating officer at $VSI.

$DG {{ '2017-06-21T12:35:47+0000' | timeago}} • Announcement

$DG appointed Carman Wenkoff as EVP and chief information officer (CIO) effective July 10, 2017. Wenkoff replaces current CIO Ryan Boone, who recently announced his retirement. Wenkoff most recently served as CIO and chief digital officer for Subway restaurants.

$DG {{ '2017-06-05T12:37:49+0000' | timeago}} • Announcement

$DG has opened its 14th distribution center in Janesville, Wisconsin, investing $100MM and creating more than 500 local jobs. Shipping from the 1MM-sq-ft distribution center began in January 2017. It serves approx. 800 stores in nine states in the upper Midwest. Dollar General now has more than 1,300 employees in the state of Wisconsin.

$DG {{ '2017-06-01T15:03:57+0000' | timeago}} • Webcast

$DG targets new store returns in the 18-20% range and the returns have been tracking towards the high end of this range. The company continues to see a payback period of about three years and remains bullish about the future.

$DG {{ '2017-06-01T14:52:39+0000' | timeago}} • Webcast

$DG is positive on the fundamentals of the business and the long-term growth potential. The goal is to achieve 10% growth over the long term. The company sees a vast amount of organic growth opportunity. The store level economics are good with a 20% return on new store openings. $DG is also in a good position from a pricing standpoint.

$DG {{ '2017-06-01T14:32:26+0000' | timeago}} • Webcast

$DG generated cash from operations of $510MM in 1Q17, an increase of 26% compared to 1Q16. The company repurchased 1.3MM shares of common stock for $89MM and paid a quarterly dividend of $0.26 per common share outstanding totalling $71MM.

$DG {{ '2017-06-01T14:24:34+0000' | timeago}} • Webcast

During 1Q17, $DG’s same-store sales growth was driven by consumables and apparel, offset by declines in seasonal and home categories. Operating profit was $474MM.  The company entered into an agreement to purchase 322 store sites located across 36 states from a small-box, multi-price point retailer. The deal is expected to close in June.

$DG {{ '2017-06-01T12:23:58+0000' | timeago}} • Infographic

$DG Dollar General Corporation Earnings AlphaGraphic: Q1 2017 Highlights

$DG {{ '2017-06-01T11:25:53+0000' | timeago}} • Announcement

FY17 GAAP diluted EPS for $DG is forecasted to remain consistent with the prior guidance range of $4.25-4.50. Dollar General sees a 5-7% rise in net sales for the year, with capex of $715-765MM. The chain plans to open about 1,290 new stores in addition to remodeling or relocating 760 stores in the year.

$DG {{ '2017-06-01T11:22:00+0000' | timeago}} • Announcement

As of May 5, 2017, total merchandise inventories, at cost for $DG, were $3.30Bil vs. $3.07Bil as of April 29, 2016, up 0.5% on a per-store basis. 1Q17 capex was $144MM; while gross profit, as a percentage of net sales, fell 34 basis points to 30.3%.

$DG {{ '2017-06-01T11:18:46+0000' | timeago}} • Announcement

Net sales improved 6.5%to $5.61Bil for $DG in 1Q17, as the variety store chain posted a 5% slump in net income of $279MM or $1.02 per diluted share. Same-store sales in the quarter inched 0.7% up over last year's quarter helped by the rise in average transaction amount, partially offset by a decline in traffic.

$DG {{ '2017-03-28T22:47:37+0000' | timeago}} • Announcement

$DG announced the pricing of an offering of $600MM of its 3.875% senior notes due 2027. The notes will pay interest at a rate of 3.875% per annum and mature on April 15, 2027. $DG will pay interest on the notes semi-annually on April 15 and Oct. 15 of each year, commencing Oct. 15, 2017. Issuance of the notes is expected to occur on April 11, 2017.

$DG {{ '2017-03-16T15:16:04+0000' | timeago}} • Webcast

$DG stated that on the pricing and marketing investments on the 70% of stores a few quarters ago, the company saw sales, traffic and GM dollars all increase on those stores. Additionally, $DG added that these stores have performed better than the chain average over the time of rolling this initiative.

$DG {{ '2017-03-16T15:02:09+0000' | timeago}} • Webcast

$DG plans to create appox. 10,000 new jobs  as a result of the company’s 1,000 planned new store openings and two new state of the art distribution centers in 2017. Additionally, the creation of new jobs will be roughly 9% overall increase to $DG's workforce, which is the largest one year employee increase in the company’s history.

$DG {{ '2017-03-16T14:33:22+0000' | timeago}} • Webcast

$DG said that within its distribution network, the company completed its 14th distribution center in Janesville, Wisconsin. During 3Q16, the company construction of its 15th distribution center in Jackson, Georgia and expects to begin shipping from this location in the fall of 2017.

$DG {{ '2017-03-16T12:50:14+0000' | timeago}} • Announcement

$DG said James Thorpe, EVP and chief merchandising officer (CMO), will retire from the company, effective April 15, 2017. The company has started a search for a successor and will consider both internal and external candidates for the job.

$DG {{ '2017-03-16T12:48:21+0000' | timeago}} • Infographic

$DG Dollar General Earnings AlphaGraphics: Q4 2016 Highlights.

$DG {{ '2017-03-16T12:41:03+0000' | timeago}} • Announcement

$DG sees FY17 diluted EPS in the range of $4.25 to $4.50, including about $70MM in planned investments primarily for store manager pay. The discount retailer expects net sales to grow 4-6% and same-store sales to rise a modest 2%, including a negative impact of about 2 percentage points due to lapping the 2016 53rd week.

$DG {{ '2017-03-16T12:36:08+0000' | timeago}} • Announcement

Share repurchases in FY17 for $DG are expected to be about $450MM. The retailer plans to open around 1,000 new stores and relocate or remodel 900 stores. FY17 CapEx is estimated to be about $650-700MM. Over the longer term, $DG sees a diluted EPS growth of 10% or higher on an adjusted basis.

$DG {{ '2017-03-16T12:12:17+0000' | timeago}} • Announcement

Tennessee-based retailer $DG repurchased $990MM or 12.4MM shares under its share repurchase program in 2016, at an average price of $80.17 per share. On Mar. 15, 2017, $DG announced a 4% hike in its quarterly cash dividend to $0.26 per share, payable on Apr. 25, 2017 to shareholders of record on Apr. 11, 2017.

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