Dollar General Q2 Revenue Grows
Second quarter net sales at Dollar General were up more than 5%, with the growth driven by solid same-store sales and contributions from new stores.
For the 13 weeks ended Aug. 1, net sales were $10.7 billion, up 5.1% from the comparable quarter the previous year. Same-store sales were up 2.8%, reflecting a 1.5% increase in customer traffic and a 1.2% increase in the average transaction amount. Same-store sales in the second quarter of 2025 included growth in each of the consumables, seasonal, home products, and apparel categories.
Dollar General reported net income of $411.4 million for the second quarter of 2025, an increase of 10% compared to $374.2 million in the second quarter of 2024. Diluted earnings per share increased 9.4% to $1.86 for the second quarter of 2025, compared to diluted earnings per share of $1.70 in the second quarter of 2024.
“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.”
Total additions to property and equipment in the 26-week period ended Aug. 1 were $694 million, including approximately $365 million for improvements, upgrades, remodels and relocations of existing stores; $151 million for distribution and transportation-related projects; $143 million related to store facilities, primarily for leasehold improvements, fixtures and equipment in new stores; and $32 million for information systems upgrades and technology-related projects.
During the second quarter of 2025, the company opened 204 new stores, remodeled 729 stores through Project Elevate and 592 stores through Project Renovate, and relocated 15 stores.
Dollar General is raising its financial expectations for the year, primarily to reflect its outperformance in the second quarter, as well as its improved outlook for the second half of the year, while also taking into consideration the potential for uncertainty related to consumer behavior.
The company now expects net sales growth of approximately 4.3% to 4.8%, compared to its previous expectation of approximately 3.7% to 4.7%. Same-store sales growth of approximately 2.1% to 2.6% is now expected, compared to its previous expectation of approximately 1.5% to 2.5%.
