Dollar General Corp "Shrink No More" (Buy) Lasser

研报英文原文证据摘录

Dollar General Corp "Shrink No More" (Buy) Lasser

Global Research

26 May 2026ab

Dollar General Corp Equities

AmericasShrink No More

Retailers, Broadline

12-month rating Buy

We believe DG is one of the best positioned retailers in the hardline and food

retail space.

12m price target US$168.00

While the market's sentiment on the dollar stores is cautious, this pessimism has created

an opportunity with DG shares, in our view. Dollar General has exhibited progressive

Price (26 May 2026) US$103.61

improvements over the course of the last year. But, any enthusiasm for the progress has

proven to be fleeting. A signal that DG's comp slowed to start the current quarter RIC: DG.N BBG: DG US

resulted in a dwindling of the equity market's "trust bank" for the stock. Now, the

Trading data and key metrics

company can refill this reservoir of interest in the shares.

52-wk range US$156.24-95.94

As far as this quarter, we think the company will meet the market's bar of 2% Market cap. US$22.8b

comp (we forecast 2% versus the consensus forecast of 2.1%). The company will Shares o/s 220m (COM)

very likely point out that 1Q'26 started out slow due to the impact of the storms Free float 100%

early in the period. But, it probably gained steam even as its core customer felt Avg. daily volume ('000) 898

incremental pressure from reduced SNAP funds. The impact of the rise in gas prices Avg. daily value (m) US$109.6

probably meant that the core customer visited DG's stores more frequently, but

Common s/h equity (01/27E) US$10.6b

spent a little less each time.

P/BV (01/27E) 2.1x

Historically, when gas prices reached $4 per gallon, consumer behavior shifted, Net debt to EBITDA (01/27E) 0.6x

particularly among lower-income shoppers, who tended to shop closer to home.

EPS (UBS, diluted) (USD)