Dollar General Corporation
Financial Performance
Dollar General Revenue & Financials
Revenue
$42.7B (FY2025)
Market Cap
$27B
Net Income
$1.5B
Employees
194,000
What is Dollar General's revenue?
Dollar General had $42.7B in revenue for fiscal year 2025, up 5.2% from 2024. Net income was $1.5B.
- Latest revenue
- $42.7B (FY2025)
- Year-over-year
- +5.2%
- Growth rate (CAGR)
- 7.7% over 9 years
- Peak revenue
- $42.7B (FY2025)
- Years of data
- 10
- Employees
- 194,000
- What is Dollar General's operating income?
- Dollar General reported operating income of $2.2B for fiscal year 2025. sec.gov
- How much profit does Dollar General make?
- Dollar General reported net income of $1.5B for fiscal year 2025. data.sec.gov
- How many employees does Dollar General have?
- Dollar General has about 194,000 employees.
Financial Analysis
Dollar General's FY2025 (ended January 30, 2026) showed a clear recovery. Net sales rose 5.2% to $42.7 billion, same-store sales grew 3.0%, and net income climbed to $1.51 billion after a weak FY2024 hurt by shrink, markdowns and $232 million of fourth-quarter impairment charges. Operating cash flow reached $3.6 billion, which funded $1.7 billion of senior note redemptions. The momentum continued in Q2 FY2026 (ended July 31, 2026): net sales grew 5.2% to $11.3 billion, same-store sales rose 3.5% on a 2.0% traffic gain, operating profit jumped 29.2% to $769.2 million and diluted EPS rose 33.3% to $2.48, including about $0.25 from tariff refunds. Management raised FY2026 guidance to 4.0%-4.3% net sales growth and diluted EPS of $7.80-$8.00, with up to $700 million of share buybacks and a $0.59 quarterly dividend. Dollar General Corporation is a powerhouse in American discount retail, maintaining a strong market valuation typically over $30 billion.
Revenue Trend Analysis
YoY Change
+5.2%
9-Year CAGR
+7.7%
Peak Year
2025
Trend
Consistent Growth
Dollar General Corporation has 10 full fiscal year figures on this page, compounding at +7.7% annually over 9 years. The most recent year saw a 5.2% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $42.7B. Of 9 comparable year-over-year steps, 9 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2025 | $42.7B | $2.2Bfiling | $1.5B | +5.2% | data.sec.gov Net sales increased to $42.724 billion in FY2025, while net income rebounded to $1.512 billion. |
| FY2024 | $40.6B | $1.7Bfiling | — | +5.0% | data.sec.gov Net sales rose to $40.612 billion in FY2024 despite pressure on Dollar General's core low-income customer. |
| FY2023 | $38.7B | $2.4Bfiling | — | +2.2% | data.sec.gov Growth slowed to $38.692 billion in FY2023 as softer same-store sales and margin pressure weighed on results. |
| FY2022 | $37.8B | $3.3Bfiling | — | +10.6% | data.sec.gov Net sales reached $37.845 billion in FY2022, lifted by new-store openings and a deeper consumables mix. |
| FY2021 | $34.2B | $3.2B | $2.4B | +1.4% | Dollar General Corporation annual report (Form 10-K, SEC EDGAR, filed 2024-03-25) Fiscal year ended 2022-01-28. |
| FY2020 | $33.7B | $3.6B | $2.7B | +21.6% | Dollar General Corporation annual report (Form 10-K, SEC EDGAR, filed 2023-03-24) Fiscal year ended 2021-01-29. |
| FY2019 | $27.8B | $2.3B | $1.7B | +8.3% | Dollar General Corporation annual report (Form 10-K, SEC EDGAR, filed 2022-03-18) Fiscal year ended 2020-01-31. |
| FY2018 | $25.6B | $2.1B | $1.6B | +9.2% | Dollar General Corporation annual report (Form 10-K, SEC EDGAR, filed 2021-03-19) Fiscal year ended 2019-02-01. |
| FY2017 | $23.5B | $2B | $1.5B | +6.8% | Dollar General Corporation annual report (Form 10-K, SEC EDGAR, filed 2020-03-19) Fiscal year ended 2018-02-02. |
| FY2016 | $22B | $2.1B | $1.3B | — | Dollar General Corporation annual report (Form 10-K, SEC EDGAR, filed 2019-03-22) Fiscal year ended 2017-02-03. |
Click any row to see year details.
Dollar General Corporation balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row.
| Fiscal Year | Operating cash flow | Total assets | Total liabilities | Shareholders' equity | Source |
|---|---|---|---|---|---|
| FY2025ended Jan 30, 2026 | $3.6B | $31B | $22.5B | $8.5B | Form 10-K |
| FY2024ended Jan 31, 2025 | $3B | $31.1B | $23.7B | $7.4B | Form 10-K |
| FY2023ended Feb 2, 2024 | $2.4B | $30.8B | — | $6.7B | Form 10-K |
| FY2022ended Feb 3, 2023 | $2B | $29.1B | — | $5.5B | Form 10-K |
| FY2021ended Jan 28, 2022 | $2.9B | $26.3B | — | $6.3B | Form 10-K |
| FY2020ended Jan 29, 2021 | $3.9B | $25.9B | — | $6.7B | Form 10-K |
| FY2019ended Jan 31, 2020 | $2.2B | $22.8B | — | $6.7B | Form 10-K |
| FY2018ended Feb 1, 2019 | $2.1B | $13.2B | — | $6.4B | Form 10-K |
| FY2017ended Feb 2, 2018 | $1.8B | $12.5B | — | $6.1B | Form 10-K |
| FY2016ended Feb 3, 2017 | $1.6B | $11.7B | — | $5.4B | Form 10-K |
Keep researching Dollar General
Dollar General Revenue and Financial FAQ
What are Dollar General's annual net sales and gross profit margins?
Dollar General reported FY2025 net sales of $42.7 billion and net income of $1.51 billion. Gross margin was 32.6% in Q2 FY2026, up 127 basis points, helped by tariff refunds, a lower LIFO provision and lower distribution costs.
What is Dollar General's dividend track record and payout policy?
Dollar General pays a quarterly cash dividend; in August 2026 the board declared $0.59 per share, payable by October 20, 2026. The company also plans up to $700 million of share repurchases in fiscal 2026.
What is Dollar General's capital expenditure budget for store expansion?
Dollar General expects capital expenditures of $1.4 billion to $1.5 billion in fiscal 2026, funding about 450 new U.S. stores, 10 in Mexico and more than 4,000 remodels.
How does inventory shrinkage impact Dollar General's financial performance?
Inventory shrinkage (unaccounted merchandise losses from theft, damage, and administrative error) pressured gross margins in 2022 to 2023, prompting management to implement inventory rationalization, high-theft item locking cases, and manned front registers.
What is Dollar General's credit rating and debt structure?
Dollar General holds a solid investment-grade credit rating of Baa2 from Moody's and BBB from S&P Global, maintaining a well-laddered long-term fixed-rate senior debt portfolio with conservative leverage targets.
What percentage of Dollar General's sales come from consumable merchandise?
Consumables account for approximately 80% of Dollar General's total net sales, providing resilient, non-discretionary recurring revenue that protects baseline store sales even during challenging macroeconomic recessions.
How do inflation and government benefit changes affect Dollar General's core shoppers?
Dollar General's core customer demographic (households earning under $40,000 annually) is highly sensitive to food inflation and reductions in federal SNAP/EBT benefits, driving them to trade down from traditional supermarkets into Dollar General private brands.
What is Dollar General's store unit economics and cash payback timeline?
A new Dollar General store costs approximately $500,000 to $700,000 in capital buildout and inventory, typically achieving cash-on-cash payback within two to three years due to lean operating expenses and high initial sales density.
Is Dollar General profitable?
Yes, massively profitable. During the 2010s and 2020s, they executed the most aggressive real estate expansion in retail history, often opening 3 new stores every single day. Because they lease cheap, metal buildings on cheap rural land, their return on capital is astronomically high.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Dollar General Revenue & Financials." CorpDigest, https://corpdigest.com/company/dollar-general/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Dollar General reported $42.7B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/dollar-general/financials" target="_blank" rel="noopener">CorpDigest — Dollar General financials</a></div>Related Financial Audits
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