Industry Sales:

• Retail: 100% (Dollar General is a retail company)

TOP 3 Markets:

1. USA: approximately 95%
2. Canada: approximately 3%
3. Mexico: approximately 2%

Dollar General Corporation is a leading retail company mainly operating in the USA. The majority of its sales come from the retail of consumer goods, including food, household items, and clothing. The expansion into Canada and Mexico is still relatively new, which is why these markets have a smaller share of the total revenue.

Production Sites: Mainly in the USA and Asia

Dollar General Corporation sources most of its products from third-party vendors and suppliers located both in the USA and internationally, especially in Asia. The company does not operate large production facilities itself, but collaborates with a variety of manufacturers to stock its product range. This strategy allows Dollar General to reduce costs and respond flexibly to market changes.

Revenue Growth: Estimated 3-5% annually (2025)

Expansion of Stores: Over 1,000 new stores annually (2025)

Dollar General is pursuing a growth strategy that heavily focuses on expanding its stores. The company plans to open over 1,000 new stores annually to strengthen its presence in rural and underserved areas. This strategy aims to increase accessibility for customers and gain market share in less saturated markets.

Additionally, Dollar General is investing in improving its digital platforms and e-commerce capabilities. This includes optimizing the supply chain and introducing services like "Click and Collect" to meet the changing shopping habits of consumers.

Another focus is on diversifying the product offering, especially through the introduction of private labels and expanding the range of fresh foods. These measures are intended not only to increase revenue but also to enhance customer loyalty.

Main Imported Raw Materials/Items:

• Textiles and clothing
• Electronics
• Household goods
• Food and beverages

Main Importing Countries:

• China
• Vietnam
• India
• Mexico

Dollar General Corporation imports a variety of products that are sold in its stores. The main categories include textiles, electronics, household goods, as well as food and beverages. These products are mainly imported from Asian countries such as China, Vietnam, and India, as these countries offer large production capacities and cost-effective labor.

Mexico is also a significant trading partner, especially for food and beverages, due to the geographical proximity and trade agreements between the USA and Mexico. Diversification of supply chains is crucial for Dollar General to optimize costs and minimize the risk of supply chain disruptions.

Market share in the discount retail sector: Approximately 30% (estimated for 2025)
Number of stores: Over 19,000 (2025)
Revenue growth: 6% (estimated for 2025)

Dollar General Corporation has a significant competitive advantage in the discount retail sector, especially due to its extensive store presence in the USA. With over 19,000 stores, the company is able to reach a broad customer base, particularly in rural and underserved areas where competition is often lower.

Another advantage is the efficient cost management that enables Dollar General to offer competitive prices. The company continuously invests in its supply chains and logistics to keep operating costs low and improve margins.

Additionally, Dollar General benefits from a diversified product offering that includes both private labels and well-known brands. This allows the company to flexibly respond to customer needs and differentiate itself from competitors.

Overall, Dollar General remains well-positioned to succeed in a competitive market environment, supported by its strategic expansion and operational efficiency.

Institutional Investor Share: approximately 90% (estimated 2025)
Insider Buys/Sells: No significant transactions in the last 12 months (estimated 2025)

The institutional investor share in Dollar General Corporation is traditionally high, as the company is considered a stable component of many investment portfolios. Institutional investors such as pension funds, investment funds, and other large financial institutions hold a large portion of the shares, indicating confidence in the company's long-term performance.

Regarding insider buys and sells, there have been no significant transactions in the past year that would suggest a change in management or directors' confidence in the company's development. This indicates that the management currently does not expect any significant changes in the company's valuation.

Market share of Dollar General: Estimate 8% (2025)

Main competitors and their market shares:

1. Walmart Inc. (NYSE:WMT): Estimate 25%
2. Costco Wholesale Corporation (NASDAQ:COST): Estimate 10%
3. Target Corporation (NYSE:TGT): Estimate 9%
4. Dollar Tree, Inc. (NASDAQ:DLTR): Estimate 7%
5. Aldi (privately held): Estimate 6%
6. Amazon.com, Inc. (NASDAQ:AMZN) - Grocery sector: Estimate 5%
7. Kroger Co. (NYSE:KR): Estimate 5%

Dollar General's moat:

Dollar General has a significant moat due to its strong presence in rural areas, where larger retailers like Walmart and Target are less prevalent. The company benefits from a dense store network and a cost-efficient operating structure, allowing it to offer products at competitive prices.

Compared to competitors, Walmart has the strongest moat due to its enormous size, purchasing power, and wide product range. Costco provides a strong moat through its membership model and associated price advantages. Amazon also has a significant advantage due to its online dominance and delivery infrastructure.

Dollar General's advantage lies in accessibility and convenience for customers in less densely populated areas. While competitors have stronger moats in certain areas, Dollar General remains competitive in its specific market segment.

Revenue Growth: 4.5% (2024) Profit Growth: 3.2% (2024) Market Share in Discount Retail: 15% (2024)

Dollar General Corporation has experienced moderate revenue and profit growth in recent years. The company benefits from its strong presence in the discount retail sector, securing a significant market share of 15%. This position enables Dollar General to remain stable even in economically challenging times, as consumers increasingly turn to affordable alternatives.

Furthermore, the company has continuously invested in expanding its store network, providing long-term growth potential. Strategic initiatives such as introducing new product lines and improving supply chain efficiency also contribute to strengthening competitiveness.

Overall, Dollar General could be an attractive investment for investors seeking a stable company with a solid market position and growth prospects in the discount retail sector. Long-term investors could benefit from the continuous expansion and strategic initiatives.

Dividend Yield: 1.5% (estimated for 2025)
Dividend Growth: 7% annually (average over the last 5 years)

Dollar General Corporation regularly pays a dividend to its shareholders. The current dividend yield is approximately 1.5%, which is in the mid-range compared to other retail companies.

Over the past five years, the company has experienced an average annual dividend growth of 7%. This indicates a reliable and steadily increasing payout, which is attractive to investors seeking stable returns.

Dollar General has a solid financial foundation and a strong market position, supporting the reliability of dividend payments. Analysts expect the company to continue its dividend policy in the future, barring any significant economic changes.