Dollar General cuts guidance, shareholders OK safety audit

Retail Dive

Dollar General says same-store sales increased 1.6% in Q1 compared to a year ago, driven by an increase in average ticket amount but partially offset by a decrease in customer traffic. Same-store sales in Q1 included growth in consumables but was offset by declines in the seasonal, home and apparel categories.

Analysts at Telsey Advisory Group, led by Joe Feldman, characterized Dollar General’s first-quarter performance as disappointing, citing “weak” comp sales, especially when compared to rival Dollar Tree, which reported first-quarter comps of 4.8%. “Dollar General’s long-term growth should be driven by new stores and remodels and a number of initiatives, including the expansion of cooler doors, DG Fresh, Fast Track, and NCI,” Telsey’s analysts said.

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