Backed by strong third-quarter net sales of $10.6 billion, Dollar General on Dec. 4 said it plans to open an additional 450 stores in the United States in 2026.
In addition to expanding its domestic footprint—Dollar General primarily operates in rural areas—the company also announced during its earnings call that it would add 10 stores in Mexico, as well as remodel about 4,500 stores.
“Our first priority is investing in the business, including our existing store base, as well as other high-return growth opportunities such as new store expansion, remodels, and other strategic initiatives,” Dollar General CFO Donny Lau said.
Dollar General’s year-over-year net sales for the quarter ended Oct. 30 were up by 4.6 percent but fell slightly short of forecasted sales of $10.62 billion. However, the company’s earnings per share of $1.28 significantly exceeded forecasted earnings of $0.94 per share, sending Dollar General’s shares surging on Dec. 5. The stock has trended upward by more than 77 percent year to date….