Latest news with #DollarGeneral
Globe and Mail
11 hours ago
- Business
- Globe and Mail
Back to Basics or Back to Growth? Inside Dollar General's 2025 Plan
Dollar General Corporation 's DG first-quarter fiscal 2025 performance suggests a strong emphasis on "Back to Basics," laying the groundwork for a renewed path to growth. Net sales rose 5.3%, and same-store sales climbed 2.4%, driven by improved store standards, stronger customer service, better inventory control and meaningful progress on shrink mitigation, which lifted the gross margin. Merchandising initiatives, particularly SKU rationalization, are streamlining assortments to focus on high-velocity items, contributing to sales momentum. This effort aligns with improving execution in seasonal and non-consumable categories. Additionally, Dollar General continues to attract higher-income 'trade-in' customers seeking value, supported by its commitment to maintaining more than 2,000 items priced at or below $1. Furthermore, the significant investment in Project Elevate and Project Renovate remodels — targeting 20% of the store base annually — aims to bolster performance in mature stores. These remodels are expected to drive comp growth. Dollar General's goal for Project Elevate stores is to achieve first-year annualized comparable sales lifts ranging from 3% to 5%. On the digital front, Dollar General is ramping up delivery capabilities through its exclusive partnership with DoorDash and a growing in-house same-day service, now active in 3,000-plus locations. With SNAP and EBT now integrated into online orders, the retailer is broadening access and tapping into new customer segments. Overall, Dollar General's disciplined focus on operations, combined with its value proposition and strategic growth initiatives, positions it to convert 'Back to Basics' into sustainable growth. DG expects 3.7%-4.7% net sales growth, with 1.5%-2.5% same-store sales growth for fiscal 2025. Dollar General's Price Performance, Valuation and Estimates Dollar General stock has rallied 55.7% over the past six months against the industry 's decline of 0.1%. The company has also comfortably outperformed key peers such as Target Corporation TGT and Costco Wholesale Corporation COST. During the same period, Target shares have tumbled 23.8%, while Costco has posted a modest gain of 0.7%. Dollar General's forward 12-month price-to-earnings ratio of 18.21 reflects a lower valuation compared to the industry's average of 31.61. DG carries a Value Score of B. DG is trading at a premium to Target (with a forward 12-month P/E ratio of 13.21) but at a discount to Costco (48.26). The Zacks Consensus Estimate for Dollar General's current financial-year sales suggests year-over-year growth of 4.4%, while estimates for earnings per share imply a decline of 2.7%. Dollar General currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. One Big Gain, Every Trading Day To help you take full advantage of this market, you're invited to access every stock recommendation in all our private portfolios - for just $1. Zacks private portfolio services that closed 256 double and triple-digit winners in 2024 alone. That's about one big gain every day the market was open. Of course, not all our picks are winners, but members have seen recent gains as high as +627% +1,340%, and +1,708%. Imagine how much you could profit with a steady stream of real-time picks from all our services that cover a number of strategies to suit a variety of investing and trading styles. See Stocks Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Target Corporation (TGT): Free Stock Analysis Report Dollar General Corporation (DG): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report
Yahoo
2 days ago
- Business
- Yahoo
Dollar General Is Selling a Near Identical Macy's Kitchen Accent That's Nearly 40x the Price
Parade aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Dollar General Is Selling a Near Identical Macy's Kitchen Accent That's Nearly 40x the Price originally appeared on Parade. It's time to stop sleeping on Dollar General. At least, says shoppers who have lately been raving that the store's selection couldn't be better. In fact, people have claimed its decor is giving off major Anthropologie vibes. Aesthetically pleasing decor aside, the chain has also been rolling out undeniably unbeatable deals. From its massive summer sale all the way to its Any Day Deal that lets shoppers save big on household essentials. 🎬 SIGN UP for Parade's Daily newsletter to get the latest pop culture news & celebrity interviews delivered right to your inbox 🎬 Now that we're covered on household essentials from Dollar General, it's time to move back to its decor. Preferably, stylish pieces like a stunning canister that looks so similar to a nearly $80 Macy's buy. Blue Dotted Ceramic Canister with Lid, $2 at Dollar General Covered in charming blue polka dots and capped with a rustic wood lid, Dollar General's Blue Dotted Ceramic Canister is such a cute addition to any counter. Dollar General says it's perfect for storing loose tea leaves, coffee beans, sugar, snacks, spices, herbs and more. As a bonus, it's on sale for a shocking $2 right now. In other words, you can easily stock up on a whole haul of these. That way, you'll have a whole collection of stylish new pieces bringing storage opportunities right to your counter. What makes this canister even more appealing is that, at first glance, it could easily pass as Macy's Santorini Dot Small Canister. Part of Macy's Santorini Dinnerware Collection, its canister shares the same aesthetically pleasing blue and white color combo of Dollar General's along with a dreamy blue polka dot the board, Macy's canister received an impressive overall five-star rating. 'This is the cutest container. Love the blue dot print,' one reviewer beamed. 'Beautiful! Have it displayed on my coffee counter with another blue and white Santorini canister holding tea bags and coffee beans,' someone else raved. Other compliments included praises that it's the perfect size and accent color, cute, lovely and more. Since Dollar General's is a dead ringer for Macy's, shoppers can enjoy the highlights of Macy's canister for the bargain price of Dollar General's. While Dollar General's costs just $2, Macy's goes for $78. Such a top tier steal. Double check to see if it's available at a store near you before racing to score this chic accent piece courtesy of Dollar General Is Selling a Near Identical Macy's Kitchen Accent That's Nearly 40x the Price first appeared on Parade on Jul 19, 2025 This story was originally reported by Parade on Jul 19, 2025, where it first appeared.
Yahoo
3 days ago
- Business
- Yahoo
Nordstrom hires Dollar General's turnaround CFO behind stock surge
Good morning. Kelly Dilts turned heads by steering Dollar General through massive operational shifts and soaring stock gains—now she's set to bring her playbook from deep discounts to the deep pockets of the luxury world of Nordstrom. Dilts resigned from her role of EVP and CFO at Dollar General (No. 112 on the Fortune 500) on July 11, and her final day is Aug. 28, according to an SEC filing. The company has begun a search for her successor. Dollar General declined to provide additional comments. On Aug. 29, Dilts will join Nordstrom, Inc. (No. 291) as CFO, the retailer announced on Thursday. Dilts became CFO at Dollar General in May 2023. She joined the company in July 2019 as SVP of finance, where she oversaw financial planning, procurement, margin planning, decision science and analytics, and investor relations. Previously, she served as EVP and CFO at Francesca's Holding Corp. and held senior finance roles at other major retailers. With nearly three decades of financial leadership experience, Dilts was praised by Nordstrom co-CEO Erik Nordstrom in a statement, calling her a leader with 'a proven track record of driving strong results at large-scale omnichannel retailers.' He expressed confidence in her ability to help strengthen the business. As of late May 2025, Nordstrom is no longer a publicly traded company, having completed its transition to private ownership under the Nordstrom family and El Puerto de Liverpool. In Thursday's announcement, Dilts said, 'Nordstrom is a company with a strong legacy, a clear sense of purpose, and a deep commitment to its customers, employees, and brand partners. I look forward to working alongside the leadership team to build on that foundation.' Dilts succeeds Cathy Smith, who left Nordstrom in March to join Starbucks as CFO. Shrinking 'shrink' Dollar General has faced notable challenges, responding to shifting consumer needs, regulatory pressures, and competitive headwinds, along with CEO transitions. In a December 2023 earnings call, Dilts said that 'shrink'—an industry term referring primarily to theft—'has been pretty significant for us for a while, and it's definitely going to carry into 2024.' She has credited improvements in this area to the company's Back-to-Basics strategy. Notably, Dollar General used AI to analyze self-checkout purchases, identify stores with the highest levels of theft and mis-scanned items. That determined the company's decision, led by CEO Todd Vasos, to eliminate the option of self-checkout in the vast majority of its stores. In Q1 2025, Dollar General's gross profit as a percentage of sales rose to 31%, up by 78 basis points, a gain Dilts attributed to reduced shrink and higher inventory markups. 'Our shrink mitigation efforts have continued to drive positive results, including a year-over-year improvement of 61 basis points in the first quarter,' she said on the June 3 earnings call. A top-performing retail stock Amid tariffs and inflation, Dollar General and other discount retailers have attracted more middle- and higher-income shoppers. After strong Q1 results, Dollar General raised its full-year guidance. DG stands out as the leading consumer/retail stock and one of the biggest movers since the market's February high. DG's share price increased from about $74 in mid-February to more than $113 by mid-July, a gain of over 50%. It is especially noteworthy as the leading gainer among major retailers and a driving force behind the S&P 500's latest rally. For the rest of the year, Morningstar equity analyst Dan Su expects Dollar General to remain attentive to tariffs, given that about 20% of sales are from imports. Su told me that the company has done a 'solid job' in attracting new shoppers, and he anticipates continued investments in merchandising, store renovations, and labor to sustain same-store sales growth. As Dilts moves on to Nordstrom, she will have the opportunity to once again execute a transformative strategy at another major retailer. Have a good weekend. Sheryl This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Nordstrom names Kelly Dilts as CFO to strengthen business
US department store chain Nordstrom has announced the appointment of Kelly Dilts as its new chief financial officer (CFO), effective from 29 August 2025, transitioning from her current roles at Dollar General, where she has served as executive vice-president and CFO since 2023. The appointment follows the company's disclosure in March that Cathy Smith will be stepping down as CFO. Dilts will be responsible for overseeing all core financial functions, as well as the company's real estate, store development and strategic sourcing. Nordstrom co-CEO Erik Nordstrom stated: "After a thorough search, we're excited to welcome Kelly to the Nordstrom team. "She brings three decades of financial leadership experience and a proven track record of driving strong results at large-scale omnichannel retailers. We're confident she'll help us strengthen our business, execute on our priorities and continue delivering for our customers." Before her tenure at Dollar General, Dilts was executive vice-president and CFO at Francesca's Holding from 2016 to 2019. She also served as senior vice-president of finance and investor relations for Tailored Brands, previously known as The Men's Wearhouse. Dilts stated: "Nordstrom is a company with a strong legacy, a clear sense of purpose and a deep commitment to its customers, employees and brand partners. I look forward to working alongside the leadership team to build on that foundation — focusing on financial discipline, operational excellence and sustainable long-term growth." In May 2025, shareholders of Nordstrom approved its previously announced merger with Norse Holdings and its subsidiary Navy Acquisition. Nordstrom's total revenue, which includes retail sales and credit card income, saw 2.2% growth in the full year 2024. "Nordstrom names Kelly Dilts as CFO to strengthen business" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Nordstrom poaches Dollar General CFO Kelly Dilts
This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Dive Brief: Department store chain Nordstrom said Thursday that it appointed Dollar General CFO Kelly Dilts to serve as its finance chief, effective Aug. 29. The news comes a day after Dollar General announced that Dilts was planning to resign effective Aug. 28 to 'pursue another opportunity.' 'She brings three decades of financial leadership experience and a proven track record of driving strong results at large-scale omnichannel retailers,' Erik Nordstrom, co-CEO of Nordstrom, said in a press release. 'We're confident she'll help us strengthen our business, execute on our priorities, and continue delivering for our customers.' Dive Insight: Nordstrom delisted from the New York Stock Exchange in May and is currently acting as a private company following its $6.25 billion acquisition by the Nordstrom family and El Puerto de Liverpool. 'I'm honored to join Nordstrom at such a pivotal moment in the company's evolution,' Dilts said in Nordstrom's release. 'Nordstrom is a company with a strong legacy, a clear sense of purpose, and a deep commitment to its customers, employees, and brand partners.' The company's previous finance chief, Cathy Smith, stepped down earlier this year for a CFO post at Starbucks, where she was offered a cash signing bonus of $5 million as part of a compensation package. Dilts is departing Dollar General after about two years in the CFO seat, according to her LinkedIn page. Prior to her current role, she served as the company's senior vice president of finance for about four years. 'The Company has commenced a search for her successor,' the discount retailer said in a Wednesday securities filing. Before joining Dollar General, Dilts served as CFO of women's apparel retailer Francesca's Holding and senior vice president of finance and investor relations for Tailored Brands, formerly known as Men's Wearhouse. Her latest move from a budget retailer to one that is known for luxury and upscale customer service comes after Dollar General posted better-than-expected quarterly earnings results and lifted its full-year outlook in June. The company's net sales increased 5.3% to $10.4 billion during its fiscal 2025 first quarter ended May 2. 'We believe our positive first quarter results are a testament to the importance of our value and convenience proposition for our customers, particularly in a time of continued uncertainty and a financially constrained core consumer,' Dilts said during a June earnings call. Still, she said the tariff landscape 'remains dynamic and uncertain, and there is a higher degree of variability in potential outcomes around tariff-related impacts, including on consumer spending, cost of goods and the supply chain.' Recommended Reading Starbucks gives incoming CFO $5M signing bonus
