Sales Growth and Market Share Increase
Net sales increased 4.6% to $10.6 billion in Q3 2025 compared to $10.2 billion in Q3 2024. Dollar General grew market share in both consumable and non-consumable product sales.
Same-Store Sales and Customer Traffic
Same-store sales increased 2.5% during the quarter, driven by customer traffic. Notably, there was growth in higher-income households.
Gross Profit Improvement
Gross profit as a percentage of sales increased by 107 basis points to 29.9%, primarily due to higher inventory markups and lower shrink.
EPS Increase
Earnings per share for the quarter increased 43.8% to $1.28, exceeding internal expectations.
Cash Flow and Debt Reduction
Significant cash flow from operations of $2.8 billion was generated year-to-date through Q3, representing an increase of 28%. The company redeemed $600 million of senior notes during the quarter.
Digital and Delivery Expansion
Partnerships with DoorDash and Uber Eats expanded delivery options to over 17,000 stores, contributing to larger basket sizes and high repeat visit rates.
Real Estate and Remodel Initiatives
The company opened 196 new stores in Q3 and completed 651 Project Elevate remodels, which showed an average first-year sales comp lift of approximately 3%.