Dollar General Corporation (NYSE:DG) Q2 2020 Earnings Conference Call - Final Transcript

Aug 27, 2020 • 10:00 am ET


Dollar General Corporation (NYSE:DG) Q2 2020 Earnings Conference Call - Final Transcript


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Good morning. My name is Robert, and I will be your conference operator today. At this time, I'd like to welcome everyone to the Dollar General, Second Quarter 2020 Earnings Conference Call. Today is Thursday, August 27th, 2020. [Operator Instructions]. Instructions for listening to the replay of this call are available in the Company's earnings press release issued this morning.

Now, I'd like to turn the conference over to Mr. Donny Lau, Vice President of Investor Relations and Corporate Strategy. Mr. Lau, you may begin your conference.

Donny Lau

Thank you, Rob, and good morning, everyone. On the call with me today are Todd Vasos, our CEO; Jeff Owen, our COO; and John Garratt, our CFO. Our earnings release issued today can be found on our website at under News & Events.

Let me caution you that today's comments include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, such as statements about our strategy, plans, initiatives, goals, guidance or beliefs about future matters including, but not limited to, beliefs about COVID-19's future impact on the economy, our business and our customer.

Forward-looking statements can be identified because they are not limited to statements of historical fact or use words such as may, will, should, could, would, can, believe, anticipate, expect, assume, intend, outlook, estimate, guidance, plan, opportunity, focus, confident, long term, look to, committed to, continue, ahead, seek, or go and similar expressions.

These statements are subject to risks and uncertainties that could cause actual results to differ materially from our expectations and projections. These factors include, but are not limited to, those identified in our earnings release issued this morning under risk factors in our 2019 Form 10-K filed on March 19th, 2020, and our Form 10-Q filed this morning and in the comments that are made on this call. You should not unduly rely on forward-looking statements which speak only as of today's date.

Dollar General disclaims any obligation to update or revise any information discussed in this call unless required by law. We also will reference certain financial measures that have not been derived in accordance with GAAP. Reconciliations to the most comparable GAAP measures are included in this morning's earnings release, which as I mentioned, is posted on under News & Events.

At the end of our prepared remarks we will open the call up for your questions. Please limit your questions to one and one follow-up question, if necessary. Now, it is my pleasure to turn the call over to Todd.

Todd Vasos

Thank you, Donny, and welcome to everyone joining our call. I'd like to start by thanking our associates for their exceptional work over the past several months, as we continue to navigate this challenging and dynamic operating environment. Throughout this period, our team has remained steadfast in its focus on employee and customer safety, while providing affordable, convenient and close to home access to everyday essentials. I could not be more proud of our team's efforts to serve our customers,