Dollar General Corporation (DG)
🔔 Watch stock
symbol.quality_heading
The business works in principle, but one material question is open. As long as it stays open, our findings do not carry a quality verdict.
The business demonstrably works: revenue has not fallen in any of the last five fiscal years, operating cash flow reached $3,634.5 million in fiscal 2025, equity grew to $8,512.0 million, the Altman Z-score stands at 4.87 and the Piotroski F-score at 7 of 9. Nothing supports red: no going-concern doubt, positive and growing equity, $230.6 million of interest expense against $2,203.7 million of operating profit, and an undrawn $2.375 billion credit facility. Green is out of reach because the operating question is too large and too open: 56 percent of the fiscal 2025 pre-tax increase came from lower shrink, which had already flattened to $22.9 million in the quarter ended May 1, 2026, while the filing reports "significantly higher fuel costs" of uncertain duration. A turnaround whose second half is still ahead is yellow — even when the balance sheet can carry it. The decision is yours.
symbol.quality_note
Dollar General runs 20,959 stores, most of them in towns of fewer than 20,000 people. Earnings fell for two straight years, then turned: $1,512.3 million in fiscal 2025 after $1,125.3 million the year before. The reason sits in a line item almost nobody reads — shrink included in cost of goods sold dropped from $928.9 million to $634.3 million. That is 56 percent of the entire pre-tax increase. We read the annual report (10-K) for the year ended January 30, 2026 and the quarterly report (10-Q) for the period ended May 1, 2026 line by line: what is really turning, what was a one-time clean-up, and what pushes back in 2026. Not investment advice — just the question of how much turnaround fits into a number that cannot be halved twice.
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Stock Watch
This analysis is as of July 26, 2026. Stock Watch will tell you what's changed at DG since then.
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Appears in These Scanners
This stock currently matches 7 of our scanner strategies — each hit links to the scanner.
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Trading Day
Key levels of the most recently completed trading day — not a live quote.
52-Week Range
Current price 127.10 $ — 52% of the range above the low.
Lowest and highest closing price over the last 52 weeks. The marker shows where the current price sits within that range: close to the high speaks for strength, close to the low for weakness.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 08/03/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
Quality & Screener
AI Rating
Uses AIDollar General berichtet in beiden Geschäftsberichten von einer laufenden Einbindung künstlicher Intelligenz und maschinellen Lernens in die eigenen IT-Systeme und lässt die damit verbundenen Risiken vom Prüfungsausschuss überwachen; eine KI-Umsatzquelle nennen die Berichte nicht.
View the full file — quotes, sources, reviewed filings
„There are also risks associated with our continued integration of artificial intelligence and machine learning within our technology systems (for example, if the types of information that applications with embedded artificial intelligence assist in producing are or are alleged to be deficient, inaccurate, or biased, our business, financial condition, and results of operations may be adversely affected)."
Es bestehen zudem Risiken im Zusammenhang mit unserer fortlaufenden Einbindung künstlicher Intelligenz und maschinellen Lernens in unsere Technologiesysteme (zum Beispiel könnten unser Geschäft, unsere Finanzlage und unsere Ertragslage beeinträchtigt werden, wenn die Informationen, die Anwendungen mit eingebetteter künstlicher Intelligenz erzeugen helfen, mangelhaft, unzutreffend oder verzerrt sind oder dies behauptet wird).
„In connection with its oversight of this program, our Audit Committee discusses with management the processes by which risk assessment and risk management are undertaken and our most significant financial and other risk exposures, including without limitation those relating to information systems, information security, data privacy, artificial intelligence, business continuity and disaster recovery, and third-party information security, and the steps management has taken to monitor and control such exposures."
Im Rahmen seiner Aufsicht über dieses Programm erörtert unser Prüfungsausschuss mit der Geschäftsleitung die Verfahren der Risikobewertung und des Risikomanagements sowie unsere wesentlichsten finanziellen und sonstigen Risiken, darunter ohne Einschränkung solche in Bezug auf Informationssysteme, Informationssicherheit, Datenschutz, künstliche Intelligenz, Geschäftsfortführung und Notfallwiederherstellung sowie Informationssicherheit bei Dritten, und die Schritte, die die Geschäftsleitung zur Überwachung und Steuerung dieser Risiken unternommen hat.
„There are also risks associated with our continued integration of artificial intelligence and machine learning within our technology systems."
Es bestehen zudem Risiken im Zusammenhang mit unserer fortlaufenden Einbindung künstlicher Intelligenz und maschinellen Lernens in unsere Technologiesysteme.
Filings Reviewed: 10-Q 2026-06-02 · 10-Q 2025-12-04 · 10-Q 2025-08-28 · 10-Q 2025-06-03 · 10-K 2026-03-20 · 10-K 2025-03-21
Rated on July 26, 2026 · How the Rating Is Built
Analysts & Price Target
The price target sits 3.4% above the current price.
- Consensus
- Sell
- Analyst Ratings
- 31
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 01/31/2027 | 7.38 | 7.20 – 7.55 | 44,418 | 7.7% | 26 |
| 01/31/2028 | 8.01 | 7.35 – 8.67 | 46,296 | 8.7% | 26 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Next Reporting Date
- Expected Earnings per Share
- 2.00 $
Expected date of the next quarterly or annual figures. Dates do shift occasionally — only the invitation issued by the company is binding.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
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· Total · per year
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The figures could not be loaded right now.
Source: fundamental data
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2025: Q1 | 0.87 | -52.40 | 10,305 | 4.50 | 1.90 | 801 | 528 |
| 2025: Q2 | 1.78 | 7.80 | 10,436 | 5.30 | 3.80 | 847 | 556 |
| 2025: Q3 | 1.86 | 9.60 | 10,728 | 5.10 | 3.80 | 968 | 565 |
| 2025: Q4 | 1.28 | 43.20 | 10,650 | 4.60 | 2.70 | 1,004 | 690 |
| 2026: Q1 | 1.93 | 121.60 | 10,911 | 5.90 | 3.90 | 1,820 | 1,272 |
| 2026: Q2 | 2.00 | 12.60 | 10,787 | 3.40 | 4.10 | 716 | 365 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Annual Figures
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2017 | 21,987 | 2,063 | 1,251 | 4.43 | 1,605 | 5,406 | 11,672 |
| 2018 | 23,471 | 2,008 | 1,539 | 5.63 | 1,802 | 6,126 | 12,517 |
| 2019 | 25,625 | 2,116 | 1,589 | 5.97 | 2,144 | 6,417 | 13,204 |
| 2020 | 27,754 | 2,302 | 1,713 | 6.64 | 2,238 | 6,703 | 22,825 |
| 2021 | 33,747 | 3,555 | 2,655 | 10.62 | 3,876 | 6,661 | 25,863 |
| 2022 | 34,220 | 3,221 | 2,399 | 10.17 | 2,866 | 6,262 | 26,327 |
| 2023 | 37,845 | 3,328 | 2,416 | 10.68 | 1,985 | 5,542 | 29,083 |
| 2024 | 38,692 | 2,446 | 1,661 | 7.55 | 2,392 | 6,749 | 30,796 |
| 2025 | 40,612 | 1,714 | 1,125 | 5.11 | 2,996 | 7,414 | 31,133 |
| 2026 | 42,724 | 2,204 | 1,512 | 6.85 | 3,635 | 8,512 | 30,964 |
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Assessment: Opportunities & Risks
Revenue rose without interruption from $37.8 billion (fiscal 2022) to $42.7 billion (fiscal 2025), with same-store sales up 3.0 percent most recently after 1.4 percent. The quarter ended May 1, 2026 added another 2.0 percent, carried by 1.4 percent more customer traffic. With 20,959 stores, about 80 percent of them in towns of 20,000 people or fewer, the company is often the nearest place to shop in its markets.
Net income turned from $1,125.3 million (fiscal 2024) to $1,512.3 million (fiscal 2025), with the gross margin up 107 basis points to 30.7 percent. In the quarter ended May 1, 2026 it added another 65 basis points to 31.62 percent, operating profit rose 10.8 percent to $638.5 million and diluted earnings per share 12.4 percent to $2.00.
Pre-tax income rose $524.8 million in fiscal 2025. Of that, $294.6 million (56 percent) came from shrink falling from $928.9 million to $634.3 million and another $43.8 million (8 percent) from lower interest expense. In the quarter ended May 1, 2026 the shrink decline was down to $22.9 million ($153.2 million after $176.1 million) — the lever is fading.
Operating cash flow rose from $2,391.8 million (fiscal 2023) to $3,634.5 million (fiscal 2025), equity from $7,413.7 million to $8,512.0 million, and $1.7 billion of long-term obligations was repaid in fiscal 2025 alone; total debt stood at $4.6 billion as of January 30, 2026. At the same time the credit covenants had to be loosened on March 11, 2025 through January 30, 2026, with a buyback ban in force, and Moody's cut the rating in 2025 from Baa2 to Baa3 — the lowest investment-grade notch.
The quarterly report for the period ended May 1, 2026 cites "significantly higher fuel costs" and expects the trend to continue "for an uncertain duration"; selling, general and administrative expenses rose 25 basis points in the quarter to 25.70 percent of net sales. Add the Work Opportunity Tax Credit that expired for hires after December 31, 2025 (effective tax rate 24.9 percent in the quarter versus 23.4 percent) and unresolved tariff questions after the Supreme Court ruling of February 20, 2026.
Roughly $25.5 billion of market value (220,586,647 shares, price $117.20 on July 26, 2026) equates to a price-to-earnings ratio near 17 and a price-to-sales ratio of 0.6 — at a 3.6 percent net margin the latter is no bargain signal. Of 31 analysts the average price target is $130.90, with 18 of them on hold. There have been no buybacks since fiscal 2023, and the dividend is unchanged at $0.59 per quarter.
Dollar General has left the bottom behind: after two years of falling profits, fiscal 2025 net income rose from $1,125.3 million to $1,512.3 million, the gross margin by 107 basis points to 30.7 percent and operating cash flow to $3,634.5 million — on revenue that never fell. The uncomfortable half: 56 percent of the pre-tax increase came from a single line, shrink, which dropped from $928.9 million to $634.3 million and contributed only $22.9 million in the quarter ended May 1, 2026. Working against it are "significantly higher fuel costs" with an open end, an expired tax credit and unresolved tariff questions. The financing is solid but scarred: covenants loosened from March 11, 2025, a Moody's rating of Baa3 since 2025, three years without a buyback. Not investment advice.
- Hook: our in-house stock scanner "Turnaround Candidates" — rank 24 of 60 U.S. hits, turnaround check 6 of 8, measured on the live list on July 26, 2026. The lists are recalculated daily; rank and score are a dated snapshot, not a permanent state. 6 of 8 is also the display floor.
- The scanner's two mandatory pillars: at least 50 percent below the all-time high and an Altman Z-score of at least 1.1. Pillar 2 is comfortably met at 4.87; pillar 1 only narrowly, with a stored distance of −51.0 percent (dividend-adjusted, data cut-off July 26, 2026). If the price rises above roughly $120 (from $117.20 on July 26, 2026), pillar 1 breaks and the stock leaves the list without anything changing in the business. The average analyst price target of $130.90 sits above that threshold.
- Plausibility check on the all-time-high figure: the stored value of −51.0 percent was recomputed against our own price history. Unadjusted closing prices give −55.0 percent (highest close $260.44 on October 28, 2022 against $117.23 on July 24, 2026); dividend-adjusted prices give −51.6 percent. All measures sit in the same corridor — there is no misplaced all-time high here.
- No takeover situation: as of July 26, 2026 the SEC filing history contains neither a solicitation/recommendation statement (SC 14D9) nor a merger document. The tender offer documents (SC TO-T) from 2014/2015 belong to the company's own, ultimately failed bid for Family Dollar. The 2026 proxy-related materials concern shareholder proposals that were rejected on May 28, 2026.
- The fiscal year ends on the Friday nearest to January 31: fiscal 2025 = 52 weeks ended January 30, 2026. The most recent periodic report is the 10-Q for the period ended May 1, 2026 (filed June 2, 2026); after that, as of the July 26, 2026 data cut-off, only the current report 8-K of the same day and routine insider filings were on file.
- Price figures are dated valuation anchors, not buy arguments: price $117.20 (data cut-off July 26, 2026), closing price $117.23 on July 24, 2026, 52-week high $156.24 (February 27, 2026), 52-week low $95.94 (November 6, 2025). Cross-check on market value: 220,586,647 shares per the cover page of May 29, 2026 times $117.23 gives $25.86 billion — matching the value from fundamental data. A further anchor sits in the annual report itself: $21.1 billion of non-affiliate market value as of August 1, 2025 at a closing price of $108.53.
- Risk of confusion: Dollar General Corporation (DG) is not Dollar Tree, Inc. (DLTR) and not the Dollar Tree subsidiary Family Dollar — both are named as competitors in the annual report. The ticker DG stands for other companies on other exchanges; the reference here is the NYSE listing under CIK 0000029534.
About the Company
Dollar General Corporation ist ein Discounteinzelhändler, der diverse Warenprodukte im Süden, Südwesten, Mittleren Westen und Osten der USA anbietet. Es bietet Verbrauchsprodukte wie Papierhandtücher, Toilettenpapier, Einweggeschirr, Müll- und Aufbewahrungsbeutel, Desinfektionsmittel und Waschmittel an.
| Employees | 194,000 |
|---|---|
| Headquarters | Goodlettsville, TN |
| Address | 100 Mission Ridge, 37072 Goodlettsville, United States |
| Phone | 615 855 4000 |
| Website | dollargeneral.com |
| IPO Date | 13. Nov 2009 |
| ISIN | US2566771059 |
| Stock Split | 1:4 on 01/09/2020 |
Management
| Name | Title | Birth Year |
|---|---|---|
| Todd J. Vasos | CEO & Director | 1962 |
| Donny H. Lau | Executive VP & CFO | 1980 |
| Emily C. Taylor | Chief Operating Officer | 1977 |
| Carman R. Wenkoff | Executive VP & Chief Information Officer | 1968 |
| Rhonda M. Taylor J.D. | Executive VP & General Counsel | 1968 |
| Anita C. Elliott | Senior VP & Chief Accounting Officer | 1965 |
| Tom Hutchins | Senior Vice President & Chief Technology Officer | – |
| Kevin Walker | Vice President of Investor Relations | – |
| Tony Rogers | Senior VP & CMO | – |
| Kathleen A. Reardon | Executive VP & Chief People Officer | 1972 |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Chart
Interactive price chart (TradingView).
Data as of: July 31, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.