Food, Value & Services Retailers Weekly: FIVE, DG, DOL & BOBS are top picks

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Food, Value & Services Retailers Weekly: FIVE, DG, DOL & BOBS are top picks

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Food Retailers

Food, Value & Services Retailers Weekly:

FIVE, DG, DOL & BOBS are top picks

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Our Value Retail Top Picks are FIVE, DG, DOL, & BOBS 14 June 2026

FIVE’s key merchant led initiatives (more core and rounded price points, new “extreme Equity

value” items priced >$5, newness, better in-stock and cleanliness, improved seasonal & United States

studio royalty/license merchandising) and marketing initiatives should drive traffic and Food Retailers

support upside to our 2Q comp forecast of 9% (and our 2H 2% comp forecast). DG’s Robert F. Ohmes, CFA

comp tailwinds (1.5%-2% comp tailwind from remodels and 80bp from digital/delivery Research Analyst

growth) & gross margin drivers (SKU rationalization, DG Media, stronger non- BofAS+1 646 855 0078

consumables growth & improving shrink/damages) should support sales and EPS upside robert.ohmes@bofa.com

in 2Q. DOL’s momentum in Canada (+5.6% comps in 1Q following a weaker 4Q) with Vicky Liu, CFA

Research Analyst

likely similar trends in Dolarcity (LATAM) stores reduces risk to the outlook despite BofAS

planned sales & EBIT pressures from the ramp-up of Australia (400 store conversions). +1 646 855 5115

yanjun.liu@bofa.com

BOBS’ transaction & ticket growth in May (in Second Measure data) imply accelerating

Xavier Le Mene >>

sales thru 2Q and upside to our +2% comps forecast and BOBS low 11X P/E vs. it’s high Research Analyst

free cash flow yield & 18% ROIC implies a good entry point, in our view. See inside for MLI (UK) +44 20 7996 7591

Bloomberg Second Measure Observed Sales and web traffic data. xavier.le_mene@bofa.com

Grocery Inflation may be on the way