Observer Lite: 3/14/2025

General update
Dollar General (NYSE: DG) provided commentary on the consumer during its 4Q2024 earnings call:

“Our customers continue to report that their financial situation has worsened over the last year as they have been negatively impacted by ongoing inflation. Many of our customers report that only have enough money for basic essentials, with some noting that they have had to sacrifice even on the necessities.”

DG’s 4th quarter results included a same store sales increase of 1.2% buoyed by a 2.3% higher average transaction amount and offset by a 1.1% decline in consumer traffic.

Additionally, the company is optimizing its real estate portfolio:

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