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Dollar General Bets on Fresh as the Retailer Looks Toward Major Expansion

Dollar General Bets on Fresh as the Retailer Looks Toward Major Expansion


GOODLETTSVILLE, TN
Wednesday, December 5th, 2018

Dollar General is setting its sights on fresh in 2019! In discussions regarding its Q3 2018 fiscal report, the retailer revealed that about 200 existing stores will receive fresh-centric remodels, with 975 new locations getting a fresh food facelift as well.

Todd Vasos, Chief Executive Officer, Dollar General“We intentionally develop these additional formats to be able to move into certain demographics across the U.S. where a one-size-fits-all mentality is really not the way to be productive and to make the most of your real estate portfolio,” Dollar General Chief Executive Todd Vasos said during a conference call with analysts Tuesday, according to a report by the Wall Street Journal. Vasos noted that the company plans to experiment with various setups as part of its new expansion that will focus on a wide variety of customers’ needs.

In addition to the expansion, Dollar General also revealed results of its Q3 2018 fiscal report

According to WSJ, the retailer’s full expansion will include 975 new stores, 1,000 stores remodels, and plans to relocate 100 stores.

In addition, Dollar General is including providing underserved communities with fresh food as a part of its expansion strategy. Vasos even noted that the company can “drive a tremendous amount of traffic” through new stores that offer produce and other fresh products in food deserts where access to healthy and affordable food options is more scarce.

Dollar General is including providing underserved communities with fresh food as a part of its expansion strategy

The company also revealed results of its strong Q3 2018 fiscal report. Dollar General noted the following highlights:

  • Net sales Increased 8.7%; Same-store sales Increased 2.8%
  • Diluted earnings per share (“EPS”) increased 35.5% to $1.26, including an estimated $0.05 net-negative impact from hurricane-related expenses and greater-than-anticipated other disaster-related expenses
  • Cash flows from operations increased 32.5% to $1.5 billion
  • $374 million returned to shareholders through share repurchases and cash dividends
  • Board of Directors declares fourth quarter 2018 cash dividend of $0.29 per share

Deli Market News will continue to keep you on the front lines of fresh, as it relates to deli, dairy, bakery, and specialty foods.

Dollar General
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