1139 ET - Dollar General has seen more growth from its consumables category than its nonconsumable categories as discretionary spending has softened, which in turn is weighing on profitability, CEO Todd Vasos says on a call with analysts. "The lower margin sales have pressured our overall gross and operating margins," he says. Consumables sales mix has climbed to 82%. Dollar General would like to get that figure back to about 80% and intends to increase nonconsumable mix by at least 100 basis points by the end of 2027, the CEO says. To do so, it will try to build on its brand partnerships, upgrade rotational home assortments, reallocate space in the home category and inject some newness into its product displays, Vasos says. (dean.seal@wsj.com)
(END) Dow Jones Newswires
March 13, 2025 11:39 ET (15:39 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。