Dollar General Past Earnings Performance
Past criteria checks 4/6
Dollar General's earnings have been declining at an average annual rate of -15%, while the Consumer Retailing industry saw earnings growing at 14.7% annually. Revenues have been growing at an average rate of 5.1% per year. Dollar General's return on equity is 18.3%, and it has net margins of 3.9%.
Key information
-15.01%
Earnings growth rate
-13.33%
EPS growth rate
| Consumer Retailing Industry Growth | 10.91% |
| Revenue growth rate | 5.12% |
| Return on equity | 18.34% |
| Net Margin | 3.90% |
| Last Earnings Update | 31 Jul 2026 |
Recent past performance updates
Recent updates
Narrative Update • Sep 08
DG: Rich Multiple Will Cap Upside Despite AI And Turnaround Optimism
Analysts have increased their price target for Dollar General from about $95 to roughly $103. This revision reflects updated assumptions including a slightly lower discount rate, modestly softer revenue growth, a firmer profit margin profile, and a marginally higher future P/E multiple.Seeking Alpha • Aug 31
Dollar General: Excellent Company, Limited Upside At This Price
Summary Dollar General (DG) is rated 'Buy' for its resilient retail model, operational strength, and mature business positioning despite only ~10% upside to fair value. DG's growth is driven by consumables, ongoing store remodels, and operational efficiencies like shrink reduction, positioning it well through 2030. Capex is shifting from new store growth to remodeling, with $1.4–$1.5 billion allocated for store improvements in 2026, supporting near-term returns. Risks include competitive pressure from other discounters, input price volatility, and potential wage inflation, but DG remains well-positioned for margin improvements. Read the full article on Seeking AlphaNarrative Update • Aug 25
DG: Lower Future P/E Will Limit Upside Despite Raised Earnings Guidance
Analysts have adjusted their fair value estimate for Dollar General to $95.44 from $92.84, reflecting updated assumptions around revenue growth, profit margins, the discount rate, and a lower future P/E multiple. What’s in the News for Dollar General Dollar General reported that from February 1, 2026 to May 1, 2026, it repurchased 0 shares for US$0 million under its long running buyback program announced on September 5, 2012.
Narrative Update • Jul 13
DG: Raised Guidance And Store Expansion Will Support A Measured Earnings Outlook
Analysts have trimmed their Dollar General price target from $137.93 to $131.07. This reflects updated views on the company’s fair value, discount rate, revenue growth outlook, profit margin assumptions, and future P/E expectations.
Narrative Update • Jun 29
DG: Future Earnings Power Will Rely On AI And Retail Media Margins
Analysts have revised their fair value estimate for Dollar General to about $169.64, down from $175.00, reflecting updated assumptions around revenue growth, profit margins, discount rates, and future P/E expectations. What’s in the News for Dollar General Dollar General reported Q1 2026 net sales growth of 3.4% year over year and same store sales growth of 2%, with earnings per share at US$2.00.Analysis Article • Jun 22
Dollar General (DG) Stock Could Be 17.7% Undervalued After Leadership Changes
Dollar General (DG) is reshaping its leadership bench after announcing new senior roles across information technology, artificial intelligence, store operations and real estate, a move that gives investors fresh context for assessing the stock. See our latest analysis for Dollar General. Dollar General’s share price has moved to US$113.45, with a 1 day share price return of 4.38% and a 30 day share price return of 7.38%. The 1 year total shareholder return of 3.81% contrasts with weaker 3 and...Narrative Update • Jun 15
DG: Lower Assumed Future P/E Will Curb Upside Despite Earnings Momentum
Analysts now set Dollar General's price target at about $92.84, down from roughly $113.66. This reflects a view that a lower assumed future P/E of around 16.89 and slightly softer revenue growth expectations more than offset a modestly higher profit margin outlook and a reduced discount rate.Narrative Update • May 31
DG: Private Label Expansion And Leadership Transition Will Support A Measured Earnings Outlook
Analysts have reduced Dollar General's implied fair value estimate from about $147.39 to $137.93 per share. This change reflects updated assumptions for a slightly higher discount rate, modestly different revenue growth and margin expectations, and a lower future P/E multiple.Narrative Update • May 14
DG: New CEO Transition And 2027 EPS Outlook Will Support Upside Potential
Analysts have trimmed their Dollar General price target by about $3 to reflect updated fair value assumptions of $113.66, with modest adjustments to the discount rate, revenue growth, profit margin, and expected future P/E contributing to the revised view. What's in the News Launched simmer & stir, a new private-label kitchen brand with nearly 30 tools and accessories, all priced at $12 or less and most between $2 and $3.50, with nationwide availability planned in about 16,000 stores beginning May 11 (Key Developments).Narrative Update • Apr 28
DG: Future Earnings Power Will Rely On Expanding Retail Media Margins
Analysts are maintaining their Dollar General price target at $175, citing updated assumptions that now reflect a discount rate of 7.88%, revenue growth of 5.07%, a profit margin of 4.04%, and a forward P/E of 24.11x. What's in the News Rollout planned for an enhanced, AI-enabled in-store audio network across about 6,000 stores in 48 states through a partnership with QSIC, which is expected to bring total in-store audio coverage to 12,000 locations by Second Quarter 2026.Narrative Update • Apr 14
DG: Leadership Change And 2026 EPS Outlook Will Shape Fairly Balanced Risk
Analysts have kept Dollar General's fair value estimate effectively unchanged at about $116.63. This reflects only very small adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions.Narrative Update • Mar 31
DG: Leadership Transition And EPS Guidance Will Frame Fairly Valued Multiple Risk
Analysts have revised their Dollar General price target to $116.63 from $103.80, citing updated assumptions for the discount rate, revenue growth, profit margin, and future P/E. These changes collectively point to a different risk and valuation profile for the shares.Narrative Update • Mar 16
DG: Future Earnings Power Will Rely On Expanding Margins
Analysts have increased their price target for Dollar General from about $165 to $175, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E, which together indicate a higher assessed valuation range. What's in the News Dollar General completed the share repurchase program announced on September 5, 2012, having repurchased 123,531,571 shares, representing 45.04% of shares, for a total of $14,618.08m, with no shares repurchased between November 1, 2025 and January 30, 2026 under this tranche (Key Developments).Narrative Update • Mar 02
DG: Completed Buybacks And Raised Guidance Will Support A Measured Earnings Outlook
Narrative Update Overview Analysts have adjusted their price target on Dollar General to about $147.39 from $139.25, citing updates to assumptions around revenue growth, profit margins, discount rate, and future P/E expectations. What's in the News Dollar General completed the repurchase of 123,531,571 shares, representing 45.04% of shares, for a total of US$14,618.08m under its buyback program announced on September 5, 2012 (Key Developments).Narrative Update • Feb 16
DG: Higher EPS Guidance And Completed Buybacks Will Conceal Ongoing Multiple Risk
Analysts have lifted their price target on Dollar General from about $100.54 to roughly $103.80, citing updated assumptions around slightly higher projected revenue growth, profit margins, a modestly lower discount rate, and a small adjustment to the expected future P/E multiple. What's in the News Dollar General reported that from August 2, 2025 to November 1, 2025 it did not repurchase any shares, and that under the buyback announced on September 5, 2012 it has completed the repurchase of 123,531,571 shares, representing 45.04% of shares for a total of US$14,618.08m (Key Developments).Narrative Update • Feb 02
DG: Completed Buybacks And Raised Guidance Will Support Steady Earnings Outlook
Analysts now estimate Dollar General’s fair value at about US$139.25, up from roughly US$122.68, citing updated assumptions for revenue growth, profit margin and future P/E, along with a slightly lower discount rate. What's in the News Dollar General has completed its long running share repurchase program announced on September 5, 2012.Narrative Update • Jan 19
DG: Higher Guidance And Buybacks Will Mask Prolonged Margin And Multiple Pressure
Analysts have nudged their fair value estimate for Dollar General to US$100.54 from about US$98.73, citing slightly higher assumptions for revenue growth, profit margins, the discount rate, and future P/E. What's in the News Dollar General updated its long running share repurchase program, reporting that between August 2, 2025 and November 1, 2025 it bought back 0 shares for US$0.Narrative Update • Jan 05
DG: Earnings Outlook Will Mask Longer-Term Margin And Multiple Compression
Analysts have raised their price target on Dollar General by approximately 6 dollars to about 99 dollars, reflecting slightly lower discount rate assumptions and improved long term profit margin expectations, despite modestly softer revenue growth and valuation multiples. What's in the News Dollar General completed its long running share repurchase program, retiring approximately 123.5 million shares, or about 45% of its shares outstanding, for roughly $14.6 billion since the buyback was launched in 2012 (Key Developments).Analysis Article • Dec 27
After Leaping 27% Dollar General Corporation (NYSE:DG) Shares Are Not Flying Under The Radar
Dollar General Corporation ( NYSE:DG ) shares have continued their recent momentum with a 27% gain in the last month...Narrative Update • Dec 19
DG Will See Higher Future Earnings Power From Margin Expansion
Narrative Update on Dollar General Analyst Price Target Analysts have lifted their price target on Dollar General from approximately $135.00 to about $164.66, citing expectations for stronger profit margins and a slightly higher future earnings multiple, despite modestly slower projected revenue growth and a marginally lower discount rate. What's in the News Raised full year fiscal 2025 diluted EPS guidance to approximately $6.30 to $6.50, up from $5.80 to $6.30, and nudged net sales growth outlook to about 4.7% to 4.9% from 4.3% to 4.8% (Corporate Guidance: Raised) Completed long running share repurchase program originally announced in 2012, retiring 123,531,571 shares, or about 45.04% of shares outstanding, for a total of $14.62 billion (Buyback Tranche Update) Launched its Holiday Toy Book in stores and online, highlighting exclusive, value focused toy assortments and promotions, including an instant 25% savings when customers spend $75 or more on toys in a single transaction (Product-Related Announcements) Valuation Changes Fair Value: Increased significantly from about $135.00 to approximately $164.66 per share, reflecting a higher intrinsic valuation estimate.Analysis Article • Dec 08
Dollar General (NYSE:DG) Has Announced A Dividend Of $0.59
Dollar General Corporation's ( NYSE:DG ) investors are due to receive a payment of $0.59 per share on 20th of January...Analysis Article • Dec 07
Dollar General Corporation Just Recorded A 38% EPS Beat: Here's What Analysts Are Forecasting Next
Shareholders will be ecstatic, with their stake up 21% over the past week following Dollar General Corporation 's...Narrative Update • Dec 04
DG: Holiday Promotions And Improved Guidance Will Support Steady Earnings Outlook
Analysts have modestly raised their price target on Dollar General to approximately $123 from about $120, citing slightly stronger expectations for revenue growth, profit margins, and future valuation multiples. What's in the News Raised full year 2025 to 2026 diluted EPS guidance to approximately $6.30 to $6.50, up from $5.80 to $6.30, signaling improved profitability expectations (Corporate Guidance).Narrative Update • Aug 30
Store Expansion And Digital Initiatives Will Enhance Efficiency And Customer Experience
Dollar General's consensus price target has been revised upward, primarily reflecting an improvement in net profit margin and a slight decline in future P/E, resulting in a new fair value estimate of $119.89. What's in the News Dollar General raised FY26 guidance, now expecting net sales growth of 4.3%-4.8%, same-store sales growth of 2.1%-2.6%, and diluted EPS of $5.80-$6.30, all above prior outlook.Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Dollar General makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Jul 26 | 43,638 | 1,703 | 11,101 | 0 |
| 01 May 26 | 43,075 | 1,565 | 10,956 | 0 |
| 30 Jan 26 | 42,724 | 1,512 | 10,839 | 0 |
| 31 Oct 25 | 42,118 | 1,277 | 10,689 | 0 |
| 01 Aug 25 | 41,652 | 1,191 | 10,543 | 0 |
| 02 May 25 | 41,134 | 1,154 | 10,286 | 0 |
| 31 Jan 25 | 40,612 | 1,125 | 10,077 | 0 |
| 01 Nov 24 | 40,166 | 1,336 | 9,888 | 0 |
| 02 Aug 24 | 39,677 | 1,416 | 9,655 | 0 |
| 03 May 24 | 39,263 | 1,510 | 9,497 | 0 |
| 02 Feb 24 | 38,692 | 1,661 | 9,266 | 0 |
| 03 Nov 23 | 39,036 | 1,919 | 9,159 | 0 |
| 04 Aug 23 | 38,807 | 2,169 | 8,930 | 0 |
| 05 May 23 | 38,436 | 2,378 | 8,712 | 0 |
| 03 Feb 23 | 37,845 | 2,416 | 8,490 | 0 |
| 28 Oct 22 | 36,293 | 2,354 | 8,178 | 0 |
| 29 Jul 22 | 35,346 | 2,315 | 7,982 | 0 |
| 29 Apr 22 | 34,571 | 2,274 | 7,735 | 0 |
| 28 Jan 22 | 34,220 | 2,399 | 7,590 | 0 |
| 29 Oct 21 | 33,984 | 2,445 | 7,551 | 0 |
| 30 Jul 21 | 33,665 | 2,532 | 7,392 | 0 |
| 30 Apr 21 | 33,699 | 2,682 | 7,279 | 0 |
| 29 Jan 21 | 33,747 | 2,655 | 7,161 | 0 |
| 30 Oct 20 | 32,490 | 2,548 | 6,848 | 0 |
| 31 Jul 20 | 31,282 | 2,339 | 6,626 | 0 |
| 01 May 20 | 29,579 | 1,978 | 6,391 | 0 |
| 31 Jan 20 | 27,754 | 1,713 | 6,152 | 0 |
| 01 Nov 19 | 27,246 | 1,660 | 6,047 | 0 |
| 02 Aug 19 | 26,672 | 1,629 | 5,912 | 0 |
| 03 May 19 | 26,134 | 1,610 | 5,801 | 0 |
| 01 Feb 19 | 25,625 | 1,589 | 5,683 | 0 |
| 02 Nov 18 | 25,105 | 1,818 | 5,599 | 0 |
| 03 Aug 18 | 24,591 | 1,737 | 5,485 | 0 |
| 04 May 18 | 23,976 | 1,624 | 5,353 | 0 |
| 02 Feb 18 | 23,471 | 1,539 | 5,206 | 0 |
| 03 Nov 17 | 23,351 | 1,241 | 5,061 | 0 |
| 04 Aug 17 | 22,767 | 1,224 | 4,931 | 0 |
| 05 May 17 | 22,331 | 1,235 | 4,806 | 0 |
| 03 Feb 17 | 21,987 | 1,251 | 4,713 | 0 |
| 28 Oct 16 | 21,264 | 1,213 | 4,563 | 0 |
| 29 Jul 16 | 21,011 | 1,231 | 4,475 | 0 |
| 29 Apr 16 | 20,715 | 1,207 | 4,415 | 0 |
| 29 Jan 16 | 20,369 | 1,165 | 4,360 | 0 |
| 30 Oct 15 | 20,021 | 1,144 | 4,281 | 0 |
Quality Earnings: DG has high quality earnings.
Growing Profit Margin: DG's current net profit margins (3.9%) are higher than last year (2.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: DG's earnings have declined by 15% per year over the past 5 years.
Accelerating Growth: DG's earnings growth over the past year (43.1%) exceeds its 5-year average (-15% per year).
Earnings vs Industry: DG earnings growth over the past year (43.1%) exceeded the Consumer Retailing industry 5.5%.
Return on Equity
High ROE: DG's Return on Equity (18.3%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/14 03:51 |
| End of Day Share Price | 2026/09/11 00:00 |
| Earnings | 2026/07/31 |
| Annual Earnings | 2026/01/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Dollar General Corporation is covered by 51 analysts. 28 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Christopher Graja | Argus Research Company |
| Meredith Adler | Barclays |
| Seth Sigman | Barclays |