1037 ET - Dollar General shuttered 96 stores in 4Q, representing less than 1% of its total footprint, that likely would have been otherwise closed when their leases expired, CEO Todd Vasos says on a call with analysts. The chain decided to get moving on those closures to better allocate resources going forward, he says. The stores were largely in urban locations and had become increasingly difficult to operate successfully, the CEO says. Dollar General also closed 45 of its newer, higher-end Popshelf locations and converted another six to Dollar General stores. Closure-related costs dented 4Q earnings by 81 cents a share, leaving Dollar General with 87 cents a share. (dean.seal@wsj.com)
(END) Dow Jones Newswires
March 13, 2025 10:37 ET (14:37 GMT)
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