DOLLAR GENERAL CORP (DG) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that DOLLAR GENERAL CORP surfaced in its latest filing.

• In Q4 2024, recorded a significant impairment expense primarily related to pOpshelf stores.Q4 2024
• In the first quarter of 2025, closed 45 pOpshelf stores and converted an additional six to Dollar General stores, incurring significant impairment charges.Q1 2025
• In 2025, elevated inflation and interest rates increased new store opening costs and occupancy costs.2025
• In 2025, our two largest suppliers accounted for approximately 11% and 8% respectively of our purchases.2025
• We directly imported approximately 4% of our purchases (measured at cost) in 2025.2025
• In 2025, the U.S. administration imposed additional tariffs on many of our global trading partners, including China, the European Union, Canada, India, and various Southeast Asian countries.2025
• In 2025, Standard & Poor's changed our outlook from 'Negative' to 'Stable'.2025
• In 2025, Moody's changed our rating from Baa2 to Baa3 and our outlook from 'Negative' to 'Stable'.2025
• The WOTC expired at the end of the 2025 calendar year, and if not renewed is expected to have a significant negative impact on future earnings per share.2025
• In 2026, continued focused action to improve performance of pOpshelf stores.2026
• Inventory balance represented approximately 44% of total assets exclusive of goodwill, operating lease assets, and other intangible assets as of January 30, 2026.January 30, 2026
• We were in compliance with these covenants as of January 30, 2026.January 30, 2026
• Company is involved in legal proceedings as discussed in Note 7 to the consolidated financial statements.