Dollar General's Strategic Growth
May 20, 2016
Dollar General recently announced the company’s initiatives to increase growth opportunities and invest in people as a competitive advantage. Dollar General also announced store growth plans that include the addition of approximately 1,900 new stores by the end of fiscal 2017, along with plans to remodel or relocate 1,775 stores during the same time period.
“Dollar General has a powerful strategic plan that enables us to drive both the top line and bottom line to deliver strong financial returns as outlined in our growth model over the long-term. With strong cash flow and an efficient capital structure, we believe that we have a compelling opportunity to invest for growth while also returning cash to shareholders through consistent share repurchases and anticipated quarterly dividends,” said CEO Todd Vasos.
With the 900 planned new stores in 2016 and 1,000 new stores in 2017, it certainly is an exciting time of growth here at Dollar General! For more information on the financial growth model check out the Dollar General Newsroom (http://newscenter.dollargeneral.com/news/).
Dollar General Corporation has been delivering value to shoppers for more than 80 years. Dollar General helps shoppers Save time. Save money. Every day.® by offering products that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares and seasonal items at everyday low prices in convenient neighborhood locations. Dollar General operated 18,818 stores in 47 states as of October 28, 2022. In addition to high-quality private brands, Dollar General sells products from America's most-trusted manufacturers such as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg's, General Mills, and PepsiCo. Learn more about Dollar General at www.dollargeneral.com.