# Dollar General Corporation (DG)

> Source: Nexqual · https://nexqual.com/DG · data as of 2026-10-22 20:02 UTC · cite as "Nexqual, Dollar General Corporation (DG), nexqual.com/DG" · informational, not investment advice.

**Price:** USD 139.11 (+5.29% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 132.12 · day 132.27–139.12 · 52w 95.11–158.23 · market cap $30.7B · NYQ

## Key facts
- Last four reported quarters (through Jul 31, 2026): revenue $43.6B, net income $1.70B (3.9% margin), free cash flow $2.01B (SEC filings).
- Valuation: P/E 18.0x (avg 18.0x at the last 3 fiscal year-ends), EV/EBITDA 9.5x, net debt $2.97B.
- 5 of 80 tracked superinvestors hold DG (13F, Q2 2026): 0 new, 3 added, 0 reduced, 2 unchanged.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $733K; 1 not under a Rule 10b5-1 plan ($733K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.52 on a 1–5 scale) (31 analysts), mean target USD 142.83 (range 90–180).
- Total return with dividends: 1Y +37.7% vs S&P 500 +14.9%; 5Y -31.1% vs S&P 500 +80.3%.
- Next earnings: 2026-08-27, EPS estimate USD 1.41, revenue estimate $11.1B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $34.2B | $37.8B | $38.7B | $40.6B | $42.7B | $43.6B |
| Gross profit | $10.8B | $11.8B | $11.7B | $12.0B | $13.1B | — |
| Operating income | $3.22B | $3.33B | $2.45B | $1.71B | $2.20B | $2.44B |
| Net income | $2.40B | $2.42B | $1.66B | $1.13B | $1.51B | $1.70B |
| EPS (diluted) | $10.17 | $10.68 | $7.55 | $5.11 | $6.85 | — |
| Free cash flow | $1.80B | $424M | $692M | $1.69B | $2.39B | $2.01B |
| Gross margin | 31.6% | 31.2% | 30.3% | 29.6% | 30.7% | — |
| Operating margin | 9.4% | 8.8% | 6.3% | 4.2% | 5.2% | 5.6% |
| Net margin | 7.0% | 6.4% | 4.3% | 2.8% | 3.5% | 3.9% |
| Revenue growth | +1.4% | +10.6% | +2.2% | +5.0% | +5.2% | — |
| Cash + short-term investments | $345M | $382M | $537M | $933M | $1.14B | — |
| Total debt | $4.17B | $7.01B | $6.23B | $5.72B | $4.57B | — |
Fiscal years end Jan. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jul 31, 2026)
P/E 18.0x · P/S 0.7x · EV/EBITDA 9.5x · EV/Sales 0.8x · P/FCF 15.3x · P/B 3.3x · FCF yield 6.55% · Earnings yield 5.55% · Dividend yield (paid, TTM) 1.69% · Net debt $2.97B · EV $33.7B
P/E at fiscal year-ends: Jan 2026 20.9x, Jan 2025 13.9x, Feb 2024 19.2x.

## Superinvestors (SEC 13F-HR, Q2 2026)
5 of 80 tracked investors hold DG. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Christopher Bloomstran | Semper Augustus | 8.66% | $76.6M | Added +2.6% |
| Richard Pzena | Pzena Investment Management | 3.45% | $1.18B | Added +48.2% |
| First Eagle Investment | First Eagle Investment Management | 0.86% | $518M | Added +1.0% |
| Thomas Gayner | Markel Group | 0.76% | $100M | Unchanged |
| Ruane Cunniff | Ruane Cunniff LP | <0.01% | $252K | Unchanged |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-03 | Reardon Kathleen A | EVP & Chief People Officer | 5,578 | $733K | 8.4% | No | Too little history (no open-market trades in 2023) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Hold (mean 2.52 on a 1–5 scale), 31 analysts; mean target USD 142.83 (low 90, high 180).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-06 | Gordon Haskett | Upgrade | Hold → Buy | $140 |
| 2026-09-24 | HSBC | Upgrade | Hold → Buy | $125 → $160 |
| 2026-09-08 | Barclays | Target raised | Overweight | $148 → $151 |
| 2026-09-04 | Argus Research | Target raised | Buy | $165 → $170 |
| 2026-08-31 | Guggenheim | Reiterated | Buy | $140 |
| 2026-08-28 | Telsey Advisory Group | Target raised | Market Perform | $125 → $140 |
| 2026-08-28 | BNP Paribas | Target raised | Neutral | $113 → $129 |
| 2026-08-28 | Citigroup | Target raised | Neutral | $116 → $133 |
| 2026-08-28 | Piper Sandler | Target raised | Neutral | $118 → $123 |
| 2026-08-28 | Morgan Stanley | Target raised | Equal-Weight | $132 → $145 |
| 2026-08-28 | BMO Capital | Target raised | Market Perform | $120 → $135 |
| 2026-08-28 | Goldman Sachs | Target raised | Neutral | $128 → $141 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +37.7% | -31.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +37.8% | -7.2% |
| Volatility (annualized) | 37.6% | 39.1% |
| Max drawdown | -34.6% (Feb 2026→May 2026) | -72.6% (Oct 2022→Jan 2025) |

## Peers (Discount Stores)
DLTR (Dollar Tree, Inc.) USD 131.04 +4.43% · BJ (BJ's Wholesale Club Holdings, I) USD 106.63 +4.12% · TGT (Target Corporation) USD 158.11 +3.76% · TBBB (BBB Foods Inc.) USD 57.6 -1.44% · OLLI (Ollie's Bargain Outlet Holdings) USD 92.63 +0.84% · PSMT (PriceSmart, Inc.) USD 171.59 +0.03%

## More
Full page: https://nexqual.com/DG · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in DG's own 10-K filed 2026-03-20 (https://www.sec.gov/Archives/edgar/data/29534/000110465926032325/dg-20260130x10k.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Competitor | Walmart (WMT) | "Our primary direct competitors are Walmart, Family Dollar and Dollar Tree." |

## Revenue by product line (quarter ended 2026-07-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Consumables | $9.26B | 82.0% | +5.0% |
| Seasonal | $1.19B | 10.5% | +7.4% |
| Home Products | $536.6M | 4.8% | +4.8% |
| Apparel | $303.1M | 2.7% | +4.5% |
| Total revenue | $11.29B | 100% | — |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-10-31) | $1.41 | $1.39 | +1.1% | $11.14B | 24 |
| Next quarter (ends 2027-01-31) | $2.03 | $1.99 | +1.9% | $11.32B | 24 |
| Current fiscal year (ends 2027-01-31) | $7.91 | $7.37 | +7.3% | $44.55B | 29 |
| Next fiscal year (ends 2028-01-31) | $8.38 | $7.99 | +4.8% | $46.35B | 29 |

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-10-30 | 7 | 35.9% | ±4.3% |
| 2026-11-06 | 14 | 34.9% | ±5.7% |
| 2026-11-13 | 21 | 36.4% | ±7.1% |
| 2026-11-20 | 28 | 35.5% | ±8.0% |
| 2026-11-27 | 35 | 34.4% | ±8.6% |
| 2026-12-04 | 42 | 42.7% | ±11.6% |
| 2026-12-18 | 56 | 42.3% | ±13.2% |
| 2027-01-15 | 84 | 38.9% | ±14.9% |