Dollar General (DG) Q4 2025 10-Q Quarterly Report

Filed: Dec 4, 2025Period ending Oct 31, 2025
Consumer Discretionary
Retail-Variety StoresSEC EDGAR

Dollar General (DG) 10-Q quarterly report for Q4 2025, filed with SEC EDGAR on Dec 4, 2025 for the fiscal period ending Oct 31, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

Dollar General Q4 2025 10-Q Analysis

Management Discussion & Analysis

  • Revenue $10.65B Q3, +4.6% YoY; $31.81B YTD, +5.0% YoY; driven by new stores, same-store sales +2.5% Q3 and +2.6% YTD
  • Operating margin 4.0% Q3 vs 3.18% YoY; 5.02% YTD vs 4.68% YoY; gross margin 29.9% Q3 vs 28.83% YoY, 30.7% YTD vs 29.66% YoY
  • Best segment: Consumables sales $8.82B Q3 (+4.5% YoY), $26.28B YTD (+4.9% YoY); Worst: Apparel $281.9M Q3 (+2.4% YoY), lower margin focus
  • Operating cash flow $2.8B YTD, +$623.7M YoY; capex ~$1.01B YTD, new stores/remodels focus; no share repurchases planned in 2025 to preserve credit rating
  • Management cautious on inflation, wage, tariff impacts; expects continued cost discipline and store growth; reaffirmed dividend policy; reduced store manager turnover focus

Risk Factors

  • New legal risk: Pending motion to amend complaint in Shareholder Securities Litigation filed May 28, 2020 to August 28, 2024, possible material adverse effect
  • Regulatory tax risk: Enactment of 15% global minimum Pillar Two tax in 2025 raised effective income tax rate to 23.6% vs 23.2% prior year quarter
  • Operational risk: Supply chain disruptions and increased fuel/transportation costs amid geopolitical tensions including China, Russia/Ukraine, Middle East conflicts
  • Competitive risk: Pricing, promotions, and expanded digital availability pressures in retail sector impacting customer traffic and basket size
  • Financial risk: Debt redemptions of $1.1B senior notes in 2025 improved liquidity; $2.375B revolving facility unused but restricted during covenant relief period through Jan 30, 2026

Dollar General Q4 2025 Quarterly Financials
XBRL

Revenue

$10.6B

+4.6% YoY -0.7% QoQ

Net Income

$283M

+43.8% YoY -31.3% QoQ

Gross Margin

29.9%

+107bp YoY -143bp QoQ

Operating Margin

4.0%

+82bp YoY -155bp QoQ

Net Margin

2.7%

+72bp YoY -118bp QoQ

ROE

3.5%

+78bp YoY

Total Assets

$31.7B

+0.8% YoY

EPS (Diluted)

$1.28

+43.8% YoY -31.2% QoQ

Operating Cash Flow

$1.0B

+85.1% YoY +3.7% QoQ

Source: XBRL data from Dollar General Q4 2025 10-Q filing on SEC EDGAR. All figures in USD.

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