GOODLETTSVILLE, Tenn. — Dollar General Corporation reported stronger-than-expected second-quarter results Thursday, highlighted by rising sales, higher earnings, and an improved outlook for the full year.
For the 13 weeks ended August 1, 2025, net sales rose 5.1% to $10.7 billion, driven by contributions from new stores and a 2.8% gain in same-store sales. Operating profit climbed 8.3% to $595.4 million, while net income increased 10% to $411.4 million. Diluted earnings per share jumped 9.4% year-over-year to $1.86.
“We are pleased with our strong second-quarter results, including earnings growth that significantly exceeded our expectations,” said Todd Vasos, Dollar General’s chief executive officer. “Our improved execution, along with our progress advancing key initiatives, is resonating with both existing and new customers as we further enhance our value and convenience proposition. I want to thank our team for their ongoing commitment and dedication to fulfilling our mission of Serving Others every day in more than 20,000 stores across the country.”
The gross margin expanded 137 basis points to 31.3% as the company benefited from lower shrinkage and higher markups, while operating expenses rose due to higher incentive pay and maintenance costs.
Dollar General also reported year-to-date cash flow from operations of $1.8 billion, up 9.8% from last year. The board declared a quarterly dividend of $0.59 per share, payable October 21, 2025.
Outlook
The company raised its fiscal 2025 financial guidance, now expecting:
- Net sales growth of 4.3% to 4.8% (previously 3.7%–4.7%)
- Same-store sales growth of 2.1% to 2.6% (previously 1.5%–2.5%)
- Diluted EPS of $5.80 to $6.30 (previously $5.20–$5.80)
Dollar General reiterated its plans to execute nearly 4,900 real estate projects this year, including 575 new U.S. stores and up to 15 in Mexico, along with thousands of remodels and relocations under its Project Elevate and Project Renovate initiatives.
“Looking ahead, we believe we have ample opportunity to drive growth and further improve our operating and financial performance, as we continue to work toward achieving the goals laid out in our long-term financial framework. We are proud of our progress, confident in the future of this resilient business model, and excited about the opportunity to further create sustainable long-term value for our customers, associates, and shareholders,” said Vasos.
