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Dollar General: The General During Period of Peak Inflation

Thomas Paulson
Sep 23, 2022
Dollar General: The General During Period of Peak Inflation

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.

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Thomas Paulson

Director of Research and Business Development, Placer.ai

Thomas Paulson spent 20 years as a Wall Street analyst and a member of asset management teams at AllianceBernstein and Cornerstone Capital, representing top-50 ownership positions including Target, Home Depot, Nike, Amazon, Google, and many more.

He brings consumer related expertise and knowledge of enterprises in retail, CPG, financial services, telecom, and entertainment.

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