Fashion
US’ Dollar General Q2 sales up 5.1%, raises full-year forecast
Dollar General Corporation has reported financial results for its second quarter (Q2) of fiscal 2025 (FY25), ended August 1, 2025, with solid growth across key metrics. Net sales rose 5.1 per cent to $10.7 billion from $10.2 billion in the same quarter last year, driven by contributions from new stores and same-store sales growth of 2.8 per cent. The same-store performance reflected a 1.5 per cent increase in customer traffic and a 1.2 per cent rise in average transaction size, with gains recorded in consumables, seasonal items, home products, and apparel.
Dollar General has posted strong Q2 FY25 results with net sales up 5.1 per cent to $10.7 billion and same-store sales rising 2.8 per cent.
Gross margin improved to 31.3 per cent, operating profit climbed 8.3 per cent to $595.4 million, and EPS rose 9.4 per cent to $1.86.
The retailer lifted full-year guidance, expecting sales growth of 4.3–4.8 per cent and EPS of $5.8–6.3.
Gross profit as a percentage of sales improved to 31.3 per cent from 30 per cent, supported by lower shrink, higher inventory markups, and reduced damages, though partially offset by higher markdowns, distribution costs, and LIFO provision, the company said in a release.
Selling, general and administrative expenses increased to 25.8 per cent of sales compared to 24.6 per cent a year earlier, largely due to higher incentive compensation, maintenance, and employee benefits.
Operating profit increased 8.3 per cent to $595.4 million, while net income rose 10 per cent to $411.4 million. Diluted EPS climbed 9.4 per cent to $1.86 from $1.7 last year. Interest expense declined 15.3 per cent to $57.7 million, while the effective tax rate stood at 23.5 per cent compared with 22.3 per cent last year.
The company’s board declared a quarterly cash dividend of $0.59 per share. Merchandise inventories at cost fell 7.4 per cent on a per-store basis to $6.6 billion, compared with $7 billion last year. Year-to-date cash flow from operations increased 9.8 per cent to $1.8 billion.
Capital expenditures totalled $694 million in the first half of fiscal 2025, including $365 million for remodels, relocations, and upgrades, $151 million for distribution and transport projects, $143 million for new store facilities, and $32 million for IT and technology upgrades. During Q2 alone, Dollar General opened 204 new stores, remodelled 729 stores under Project Elevate, 592 under Project Renovate, and relocated 15 stores.
“We are pleased with our strong second-quarter results, including earnings growth that significantly exceeded our expectations. Our improved execution, along with our progress advancing key initiatives, is resonating with both existing and new customers as we further enhance our value and convenience proposition. I want to thank our team for their ongoing commitment and dedication to fulfilling our mission of Serving Others every day in more than 20,000 stores across the country,” said Todd Vasos, Dollar General’s chief executive officer.
Looking ahead, the company has raised its full-year guidance to reflect its second quarter outperformance and stronger outlook for the remainder of the year. It now expects net sales growth of 4.3–4.8 per cent, up from 3.7–4.7 per cent previously. Same-store sales growth is forecast at 2.1–2.6 per cent, compared with earlier guidance of 1.5–2.5 per cent.
Diluted EPS is expected in the range of $5.8 to $6.3, higher than the prior $5.2–$5.8 outlook, based on a tax rate assumption of 23.5 per cent. Capital expenditures remain forecast at $1.3–$1.4 billion. For fiscal 2025, the company plans to execute around 4,885 real estate projects, including 575 new US stores, up to 15 in Mexico, approximately 2,000 remodels under Project Renovate, 2,250 remodels under Project Elevate, and 45 relocations.
“Looking ahead, we believe we have ample opportunity to drive growth and further improve our operating and financial performance, as we continue to work toward achieving the goals laid out in our long-term financial framework. We are proud of our progress, confident in the future of this resilient business model, and excited about the opportunity to further create sustainable long-term value for our customers, associates, and shareholders,” Vasos added.
Fibre2Fashion News Desk (HU)
Ermenegildo “Gildo” Zegna, currently Group Chairman and CEO, will assume the role of Group Executive Chairman. In this capacity, he will focus on safeguarding the legacy and integrity of the Group’s three brands—ZEGNA, Thom Browne, and TOM FORD FASHION—while continuing to drive long-term value creation. He will also retain oversight of the Group’s Textile Division, the Group General Counsel’s office (including Internal Audit), and the External Relations department, which encompasses Sustainability, Investor Relations, and Corporate Communications.
Ermenegildo Zegna Group has announced a new leadership structure effective January 1, 2026.
Gildo Zegna will become group executive chairman, focusing on brand legacy and key corporate areas.
Gianluca Tagliabue will be appointed group CEO, while Edoardo and Angelo Zegna will become co-CEOs of the Zegna brand, leading brand strategy, product, and commercial performance.
Gianluca Tagliabue, currently Group Chief Financial Officer and Chief Operating Officer, will assume the role of Group CEO subject to shareholders’ approval. Working in close partnership with the Group Executive Chairman, Mr. Tagliabue will be responsible for shaping and executing the Group’s long-term strategy, driving business performance across all brands, and further strengthening the integration of the Group’s corporate functions. He will also oversee manufacturing operations. The CEOs of the Group’s brands will report to him. Gian Franco Santhià, currently Group Control & Chief Accounting Officer, will be appointed as Group CFO, reporting to the Group CEO.
Edoardo and Angelo Zegna, members of the fourth generation of the Zegna family, will be appointed Co-CEOs of the ZEGNA brand. They will succeed Gildo Zegna, who has held this role for over 20 years. Edoardo Zegna, currently Chief Marketing and Digital Officer of ZEGNA as well as Group Chief Sustainability Officer, will lead all aspects of brand strategy, from brand image to marketing, and, together with ZEGNA’s Artistic Director Alessandro Sartori, design matters, including store design. Angelo Zegna, currently CEO of ZEGNA’s EMEA region and Global Client Strategy Director, will oversee product development, merchandising, and commercial strategy, driving performance across markets and channels.
Gildo Zegna, Chairman and CEO of the Ermenegildo Zegna Group, commented: “I am proud and excited about today’s announcement. One of the most important responsibilities of a leader is to think ahead—to prepare for the future and empower the next generation of leadership. This belief has always been deeply rooted in our family values and is a key force behind today’s announcement.
Together with the Board, I have asked Gianluca Tagliabue to assume the role of Group CEO. Over the past decade, Gianluca has been a cornerstone of our Group, leading the company through key transformations. The Ermenegildo Zegna Group is a custodian of authenticity. Gianluca embodies this philosophy and will support the CEOs of our brands in pursuing the Group’s mission as a trusted and forward-looking guide.
Edoardo and Angelo’s complementary strengths and clear vision will make them a highly effective team to lead ZEGNA brand. They continue the family legacy and have demonstrated their business leadership over the past years. Together, they will not only carry forward the brand’s timeless heritage, but strengthen it further.
As Executive Chairman, I will stand alongside our new leadership team and all our colleagues — a curious and passionate custodian of our brands’ vision and values, as I have always been. I will also continue to oversee the Group’s textile platform — where it all began. I am looking forward to shaping our Group’s next chapter with this new leadership team.”
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
Import volumes mirrored the same trend. Canada imported *.*** million units in the first eight months of ****, down from *.*** million units in the same period of ****. The average landed price dipped further to $**.** per suit, marking a cumulative decline of nearly ** per cent since ****, when the average stood at $**.** per unit, according to *fashion.com/market-intelligence/texpro-textile-and-apparel/” target=”_blank”>sourcing intelligence tool TexPro. Retailers have been moving towards lower-value assortments as consumers prioritise affordability, prompting sourcing shifts to cheaper origins and lower-spec tailoring.
The price reduction suggests increased competition, lower unit-value buying, and retailers favouring budget sourcing channels rather than premium tailoring suppliers—a response to elevated inventory pressures, cautious buying cycles, and slower store traffic for formalwear categories.
Bangladesh’s spinning sector is reportedly facing severe pressure from soaring costs, volatile cotton prices, and a surge in cheap yarn imports, even as industry leaders warned of potential shutdowns, risking millions of jobs.
In view of the existing scenario, stakeholders sought urgent support—gas price cuts, incentives, and anti-dumping measures to stabilise the sector.
Source link
IT Shares Extend Gains For Day 2 In Volatile Trade; Key Drivers Behind The Rally
Italy’s Ermenegildo Zegna Group unveils new leadership structure
Sabrina Carpenter recalls ‘unbelievable’ experience with pal Taylor Swift
-
Tech4 days agoGet Your Steps In From Your Home Office With This Walking Pad—On Sale This Week
-
Sports3 days agoIndia Triumphs Over South Africa in First ODI Thanks to Kohli’s Heroics – SUCH TV
-
Entertainment3 days agoSadie Sink talks about the future of Max in ‘Stranger Things’
-
Fashion3 days agoResults are in: US Black Friday store visits down, e-visits up, apparel shines
-
Politics3 days agoElon Musk reveals partner’s half-Indian roots, son’s middle name ‘Sekhar’
-
Tech3 days agoPrague’s City Center Sparkles, Buzzes, and Burns at the Signal Festival
-
Uncategorized1 week ago
[CinePlex360] Please moderate: “Americans would
-
Tech1 week agoWake Up—the Best Black Friday Mattress Sales Are Here