Key Dollar General Metrics
- At an investor event this week, Dollar General President and CFO John Garratt discussed higher than planned retention to date of new customers acquired during the pandemic in the $40K-65K household income range as well as trade-down from the $65K-100K income customer. Garratt noted that this is a new customer cohort to DG and traction with this customer picked up in 2Q and is accelerating today.
- Garratt also noted that wage cost inflation appears to have peaked.
