Short answer
Dollar General (DG) filed its fiscal 2025 10-K annual report with the SEC on Mar 21, 2025. It reported revenue of $40.6B (+5.0% year over year) and net income of $1.1B.
- Top risk flagged: Regulatory/legal risk: Risk of significant impairment charges $214.2M from store portfolio optimization review under accounting rules
FY2025 key financial metrics · XBRL
- Revenue
- $40.6B
- +5.0% YoY
- Net income
- $1.1B
- −32.3% YoY
- Operating margin
- 4.2%
- −2.1 pp YoY
- Gross margin
- 29.6%
- −0.7 pp YoY
- EPS (diluted)
- $5.11
- −32.3% YoY
- ROE
- 15.2%
- −9.4 pp YoY
- Operating cash flow
- $3.0B
- +25.3% YoY
Source: XBRL data from the Dollar General (DG) FY2025 10-K on SEC EDGAR. USD.
Dollar General FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Largest U.S. discount retailer with 20,662 stores in 48 states plus Mexico as of February 28, 2025
- Entered Mexican market recently, first stores opened in 2023, marking geographic expansion
- Business model focused on broad everyday low-price merchandise in small-box locations
- Emphasis on profitable sales growth, low-cost operations, and team development as long-term priorities
- Private and national brand products offered mostly $10 or less, maintaining value proposition
Management Discussion & Analysis
- Consumables sales at historical highs; shift away from non-consumables impacting margins due to lower profitability of non-consumables
- pOpshelf segment worst performer; announced closure of 45 stores and conversion of 6 in Q1 2025, with significant impairment charges
- Risks include inflation and interest rate pressures on store opening costs, intense competition, inventory shrinkage materially impacting results, cyberattack threats, and challenges in real estate projects and supply chain
Risk Factors
- Regulatory/legal risk: Risk of significant impairment charges $214.2M from store portfolio optimization review under accounting rules
- Macroeconomic threat: Customer spending pressure from inflation and rising costs in rent, healthcare, energy, and fuel impacting discretionary sales
- Operational vulnerability: Elevated inventory shrink and damages with anticipated continuation in 2025, higher than pre-2023 levels
- Competitive risk: Promotional intensity and shift to consumables (82% of sales) with lower gross margins pressuring margin compared to competitors
- Financial risk: Total consolidated debt $6.2B, mainly senior notes, with borrowing constrained by commercial paper availability under $2.0B program
Generated from the filing text; verify against the original. How to read a 10-K
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.