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Dollar General's Future Prospects
Over the past 10 years, revenue has grown at 7.9% per year and earnings per share have grown by 13.6%. Dollar General's margins will improve over time as they increase their store counts to achieve larger economies of scale. For fiscal year 2022, which they are two quarters into, they expect to add a net of more than 1000 stores,. This is a 5.7% increase year over year in their overall units. Back in 2016, management stated that there was potential for over $25,000 general stores in the U.S., which again is at $18,000 today.