Dollar General Reiterates FY23 Outlook; Declares Dividend - Update

Dollar General Fined $12 Mln In Safety Settlement, Agrees To New Changes

Dollar General Corp. has agreed with the U.S. regulator for a corporate-wide settlement over safety allegations. The discount store operator will pay $12 million in penalties under the settlement, and agreed to make significant workplace safety improvements in stores across the United States. These include new safety protocols, hiring of more safety staff, and a significant reduction...

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Confectionary Items Sold At Walmart, HyVee, Target, Dollar General Recalled

Sioux City, Iowa-based Palmer Candy Co. is recalling its "White Coated Confectionary Items" citing the potential to be contaminated with Salmonella, according to the U.S. Food and Drug Administration. The impacted items were distributed across the United States in Walmart, HyVee, Target, and Dollar General stores, among others.

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Dollar General Q4 Profit Down 39%, But Results Top Estimates

Discount retailer Dollar General reported on Thursday that net profit for the fourth quarter declined 39 percent from last year, due to lower gross margins, higher expenses and a sales decline across categories. However, adjusted earnings per share and quarterly net sales topped analysts' estimates. The company also provided net sales growth guidance for the full-year 2024, well above estimates.

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Macy's, Dollar General Q1 Profits Decline

Retailers Macy's, Inc. (M) and Dollar General Corp. (DG) reported on Thursday that net profits for the first quarter declined from last year, with Macy's topping estimates, while Dollar General missed it. Net sales at both retailers missed expectations. Both Macy's and Dollar General also slashed their guidance for the full-year 2023.

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Dollar General Q4 Profit Rises, While Children's Place Slips To Loss

Retailers Dollar General Corp. (DG) and The Children's Place, Inc. (PLCE) reported on Thursday that financial results for the fourth quarter, with Dollar General profit and revenues growing from last year and Children's Place slipping to a loss with net sales also declining from last year.

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Dollar General Q4 EPS Meets Estimates; Declares Dividend

Dollar General Corp. (DG) reported Thursday that net income for the fourth quarter grew to $659.14 million or $2.96 per share from $597.43 million or $2.57 per share in the prior-quarter.

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Retailers Dollar General, Big Lots Report Weak Results; Stock Down

Retailers Dollar General Corp. (DG) and Big Lots, Inc. (BIG) reported Thursday results for the third quarter, with profit at Dollar General increasing from last year, while Big Lots reported a sharply wider loss than last year. The bottom line at both the retailers missed analysts' estimates.

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Dollar General CEO Todd Vasos To Retire; COO Jeffery Owen Named Successor

Dollar General Corp. (DG) announced Tuesday that Chief Executive Officer Todd Vasos has decided to retire from his position, effective November 1, 2022. The Company's Board of Directors also approved the promotion of Jeffery Owen, its Chief Operating Officer since 2019, to succeed Vasos as CEO effective immediately following Vasos's retirement from the CEO role.

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