Latest news with #ToddVasos
Globe and Mail
31-07-2025
- Business
- Globe and Mail
Dollar General Corporation Announces Webcast of its Second Quarter 2025 Earnings Conference Call
Dollar General Corporation (NYSE: DG) today announced that it plans to release its financial results for the fiscal 2025 second quarter ended August 1, 2025, on August 28, 2025. In connection with the release, Todd Vasos, chief executive officer, and Kelly Dilts, chief financial officer, will host a conference call on August 28, 2025, at 8:00 a.m. CT/9:00 a.m. ET. During the call, the company will discuss the earnings results and may discuss material business, financial or other information that is not contained in the earnings release. To participate via telephone, please call (877) 407-0890 at least 10 minutes before the conference call is scheduled to begin. The conference ID is 13755155. There will also be a live webcast of the call available at under 'News & Events, Events & Presentations.' A replay of the conference call will be available through September 25, 2025, and will be accessible via webcast replay or by calling (877) 660-6853. The conference ID for the telephonic replay is 13755155. About Dollar General Corporation Dollar General Corporation (NYSE: DG) is proud to serve as America's neighborhood general store. Founded in 1939, Dollar General lives its mission of Serving Others every day by providing access to affordable products and services for its customers, career opportunities for its employees, and literacy and education support for its hometown communities. As of May 2, 2025, the Company's 20,582 Dollar General, DG Market, DGX and pOpshelf stores across the United States and Mi Súper Dollar General stores in Mexico provide everyday essentials including food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, and seasonal décor from our high-quality private brands alongside many of the world's most trusted brands such as Coca Cola, PepsiCo/Frito-Lay, General Mills, Hershey, J.M. Smucker, Kraft, Mars, Nestlé, Procter & Gamble and Unilever.
Yahoo
31-07-2025
- Business
- Yahoo
Dollar General Corporation Announces Webcast of its Second Quarter 2025 Earnings Conference Call
GOODLETTSVILLE, Tenn., July 31, 2025--(BUSINESS WIRE)--Dollar General Corporation (NYSE: DG) today announced that it plans to release its financial results for the fiscal 2025 second quarter ended August 1, 2025, on August 28, 2025. In connection with the release, Todd Vasos, chief executive officer, and Kelly Dilts, chief financial officer, will host a conference call on August 28, 2025, at 8:00 a.m. CT/9:00 a.m. ET. During the call, the company will discuss the earnings results and may discuss material business, financial or other information that is not contained in the earnings release. To participate via telephone, please call (877) 407-0890 at least 10 minutes before the conference call is scheduled to begin. The conference ID is 13755155. There will also be a live webcast of the call available at under "News & Events, Events & Presentations." A replay of the conference call will be available through September 25, 2025, and will be accessible via webcast replay or by calling (877) 660-6853. The conference ID for the telephonic replay is 13755155. About Dollar General Corporation Dollar General Corporation (NYSE: DG) is proud to serve as America's neighborhood general store. Founded in 1939, Dollar General lives its mission of Serving Others every day by providing access to affordable products and services for its customers, career opportunities for its employees, and literacy and education support for its hometown communities. As of May 2, 2025, the Company's 20,582 Dollar General, DG Market, DGX and pOpshelf stores across the United States and Mi Súper Dollar General stores in Mexico provide everyday essentials including food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, and seasonal décor from our high-quality private brands alongside many of the world's most trusted brands such as Coca Cola, PepsiCo/Frito-Lay, General Mills, Hershey, J.M. Smucker, Kraft, Mars, Nestlé, Procter & Gamble and Unilever. View source version on Contacts Dollar General Investor Relations investorrelations@ General Media Relationsdgpr@ 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
Business Wire
31-07-2025
- Business
- Business Wire
Dollar General Corporation Announces Webcast of its Second Quarter 2025 Earnings Conference Call
GOODLETTSVILLE, Tenn.--(BUSINESS WIRE)--Dollar General Corporation (NYSE: DG) today announced that it plans to release its financial results for the fiscal 2025 second quarter ended August 1, 2025, on August 28, 2025. In connection with the release, Todd Vasos, chief executive officer, and Kelly Dilts, chief financial officer, will host a conference call on August 28, 2025, at 8:00 a.m. CT/9:00 a.m. ET. During the call, the company will discuss the earnings results and may discuss material business, financial or other information that is not contained in the earnings release. To participate via telephone, please call (877) 407-0890 at least 10 minutes before the conference call is scheduled to begin. The conference ID is 13755155. There will also be a live webcast of the call available at under 'News & Events, Events & Presentations.' A replay of the conference call will be available through September 25, 2025, and will be accessible via webcast replay or by calling (877) 660-6853. The conference ID for the telephonic replay is 13755155. About Dollar General Corporation Dollar General Corporation (NYSE: DG) is proud to serve as America's neighborhood general store. Founded in 1939, Dollar General lives its mission of Serving Others every day by providing access to affordable products and services for its customers, career opportunities for its employees, and literacy and education support for its hometown communities. As of May 2, 2025, the Company's 20,582 Dollar General, DG Market, DGX and pOpshelf stores across the United States and Mi Súper Dollar General stores in Mexico provide everyday essentials including food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, and seasonal décor from our high-quality private brands alongside many of the world's most trusted brands such as Coca Cola, PepsiCo/Frito-Lay, General Mills, Hershey, J.M. Smucker, Kraft, Mars, Nestlé, Procter & Gamble and Unilever.
Miami Herald
07-07-2025
- Business
- Miami Herald
Dollar Tree's new customers spell bad news for all of us
Dollar Tree is known for its low prices, although, of course, most items at Dollar Tree no longer actually cost $1. In fact, most items at Dollar Tree are now $1.25, with the store also adding even more expensive offerings in recent years. Some of the things for sale now cost $3 or $5, which is a significant increase compared to its prior flat $1 rate. Although Dollar Tree has raised its prices and angered some customers in the process, it's still been doing fairly well. The company reported strong first-quarter results, with net sales up year-over-year as more people came into the stores and spent more per ticket. Don't miss the move: Subscribe to TheStreet's free daily newsletter Dollar Tree opened a total of 148 new stores, according to its first quarter earnings report. The company also saw its gross profit increase by 11.7% to $1.6 billion and its gross margin expand 20 basis points to 35.6%. While Dollar Tree is doing well, there are some troubling red flags in the company's earnings report that could point to trouble in the economy as a whole. In fact, here's why Dollar Tree's growth with one particular customer base could actually be bad news for Americans overall as we move into the second half of 2025. Image source: China News Service/VCG via Getty Images When you think of Dollar Tree customers, most people don't necessarily think of the country's highest earners crowding the discount store's aisles in search of low-cost food, beauty, or household items. Recent data suggests that's exactly what's happening, however. In fact, PYMNTS Intelligence data has demonstrated that while households earning $100K or more each year still spend a lot of money at Walmart, Target, and other big-box stores, people within this demographic group are also making more purchases at both Dollar Tree and similar stores like Dollar General. Related: Costco has a massive labor problem nobody is talking about PYMNTS Intelligence data also indicates around one in every four Dollar Tree transactions involved shoppers with household incomes exceeding $100K - and the same percentage of transactions at Dollar General also came from this group. This rise in wealthy shoppers is a phenomenon Dollar Tree CEO Michael Creedon noted during a recent conference call with analysts, citing a "meaningful traffic increase from customers with household incomes of more than $100,000." Dollar General CEO Todd Vasos also called out this trend, indicating that "while our core customer remains financially constrained, we have seen increased trade-in activity from both middle- and higher-income customers." Although it might be nice to believe that the country's top earners simply decided that Dollar Tree's deals were too good to pass up, the more likely explanation for their new-found frugality is that people in households with incomes above $100K are facing financial struggles that have forced them to seek out cheaper places to shop. This explanation is supported by additional data from PYMNTS that found around half of consumers with incomes of $100K or more are living paycheck to paycheck right now. Related: Costco's latest price change shocks members Years of record-high inflation during the Covid pandemic, combined with continued high interest rates and ongoing economic uncertainty in light of tariff-related volatility, have likely impacted higher-income households along with lower-income ones. More Retail: Walmart CEO sounds alarm on a big problem for customersTarget makes a change that might scare Walmart, CostcoTop investor takes firm stance on troubled retail brandWalmart and Costco making major change affecting all customers If the cumulative effect of these financial hits is causing the country's highest earners to visit Dollar Stores in ever-increasing numbers, what does this mean for the 80% or so of households that make far less than $100K? It's certainly not a good sign of the economic stability of the country as a whole. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Miami Herald
30-06-2025
- Business
- Miami Herald
Huge discount retailer closing over 100 stores nationwide
When Starbucks closes a few hundred stores every few years, it's not a sign that the chain has a problem. Instead, it's a routine housecleaning. The chain, really every well-run chain, constantly evaluates its store portfolio. Sometimes, the economics on a certain location change, and it makes sense to close that store when its lease expires. Related: Bankrupt ice cream chain sold to popular beverage owners This happened on a wider basis after the Covid pandemic changed certain customer patterns. Many people stopped physically going into an office, and even after then pandemic, maybe only returned part-time. That made thousands of restaurants and coffee shops nationwide much less needed. They were built to serve those workers and once those workers disappeared, there often was not enough remaining business to support the store. When stores close like this it's generally not big news because there's a reason why the location shut down. In some cases, however, a store closing can be devastating for a community. Don't miss the move: Subscribe to TheStreet's free daily newsletter If an area loses its only grocery store, that can create huge problems for people who live there. But, even in areas where there are other options, losing a key discount player can hurt the community. Residents having fewer choices means that the remaining chains and stores in the area can charge more. That's something that many patrons of Dollar General cannot afford. Image source: Bloomberg/Getty Images In some areas, Dollar General (DG) fills the role of grocery store for its customers. Many of the chain's patrons have limited mobility options and Dollar General might be the only retailer that sells food within walking distance. The chain understands the important role it plays in many customers' lives and has made choices that embrace that. That's why thousands of Dollar General locations have added fresh produce - because there customers may not have easy access to it otherwise. Dollar General does not take the decision to close stores lightly, but it still closes them when it makes sense for business. That's something CEO Todd Vasos talked about during the chain's fourth-quarter earnings call. "As we look to build on the success of our back-to-basics work, we have undertaken a thorough review of our business to identify opportunities to further strengthen our foundation. With this in mind, we conducted a real estate portfolio optimization review of both our Dollar General and pOpshelf banners during the fourth quarter. As a result of the review of our Dollar General portfolio, we made the decision to close 96 stores," he shared. More Retail: Walmart makes drastic change amid alarming customer trendLowe's makes one of its largest ever billion-dollar acquisitionsSubway owner makes major billion-dollar fast food acquisitionAmazon makes a harsh decision amid concerning customer trend Vasos shared why the company made this decision, "While this is less than 1% of our overall store base, those stores, many of which are in urban locations, have become increasingly challenging to successfully operate. These stores likely would have been closed in the ordinary course of the store's lifecycle when their leases expired, however, we determined that closing these locations now will allow us to optimize our allocation of resources going forward," he added. In addition to its namesake brand, Dollar General also operates PopShelf, a rival to Five Below that sells low-priced household goods. "We're PopShelf. A stress-free shopping destination, just for you. We believe in bringing enjoyment back to shopping by making it easy to get things you need and fun to find things you want," the company shared on its website. "We've got every reason to shop. From party supplies, to DIY finds, surprises for the kids, trending beauty, and more." Dollar General also plans to close some PopShelf locations. "I also want to discuss the results of our PopShelf portfolio review. After analyzing business performance and revised outlooks for our current portfolio PopShelf locations, we identified 51 store closure candidates based on financial and operational considerations from our test and learn phase, Vasos shared. Some of the closing locations will be repurposed. "We plan to convert six of these 51 locations to Dollar General stores and close the remaining 45 stores. This will leave 180 stores remaining as part of the PopShelf banner," he added. Related: Popular furniture chain closing all stores, no bankruptcy Dollar General, he insists, remains committed to PopShelf. "As we enter 2025, we are optimistic about the PopShelf banner and our opportunity to drive improvements in our sales results as customers' feedback on the brand and shopping experience continue to be strong," he said. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
