达乐 2025年季度报告

FORM10-Q (Mark One)☒Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934For the quarterly period endedMay 2, 2025or☐Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 DOLLAR GENERAL CORPORATION (Exact name of Registrant as specified in its charter) TENNESSEE(State or other jurisdiction of incorporation ororganization)(I.R.S. Employer Identification No.) 100 MISSION RIDGEGOODLETTSVILLE,TN 37072(Address of principal executive offices, zip code) TABLE OF CONTENTS Cautionary Disclosure Regarding Forward-Looking Statements2Part IFinancial InformationItem 1. Financial Statements6Consolidated Balance Sheets6Consolidated Statements of Income7Consolidated Statements of Comprehensive Income8Consolidated Statements of Shareholders’ Equity9Consolidated Statement of Cash Flows10Notes to Consolidated Financial Statements11Report of Independent Registered Public Accounting Firm18Item 2. Management’s Discussion and Analysis of Financial Condition and Results ofOperations19Item 3. Quantitative and Qualitative Disclosures About Market Risk26Item 4. Controls and Procedures26Part IIOther InformationItem 1. Legal Proceedings27Item 1A. Risk Factors27Item 5. Other Information27Item 6. Exhibits27Exhibit Index28Signature30 CAUTIONARY DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS We include “forward-looking statements” within the meaning of the federal securities laws,including the Private Securities Litigation Reform Act, throughout this report, particularly under“Management’s Discussion and Analysis of Financial Condition and Results of Operations” includedin Part I, Item 2, and “Note 7. Commitments and Contingencies” included in Part I, Item 1, amongothers. You can identify these statements because they are not limited to historical fact or they usewords such as “accelerate,” “aim,” “assume,” “anticipate,” “believe,” “can,” “committed,”“continue,” “could,” “drive,” “estimate,” “expect,” “focused on,” “forecast,” “future,” “goal,”“intend,” “likely,” “long-term,” “may,” “objective,” “ongoing,” “opportunity,” “outlook,” “over ●our projections and expectations regarding expenditures, costs, cash flows, results of ●our expectations regarding economic and competitive market conditions; ●our plans, objectives, and expectations regarding future operations, growth, investmentsand initiatives,including but not limited to our real estate, store growth andinternational expansion plans, store remodels, store formats or concepts, shrink anddamages reduction actions, inventory reduction efforts, and anticipated progress andimpact of our strategic initiatives (including but not limited to our digital initiatives, DG ●expectations regarding sales and mix of consumable and non-consumable products,customer traffic, basket size, shrink, damages and inventory levels; ●expectations regarding tariff, inflationary and labor pressures; ●expectations regarding cash dividends and stock repurchases; ●anticipated borrowing under our credit agreement and our commercial paper program; ●potential impact of legal or regulatory changes or governmental assistance or stimulusprograms and our responses thereto, including without limitation potential furtherfederal, state and/or local minimum wage increases or changes to salary levels, as wellas changes to certain government policies and assistance programs, such as ●expected outcome or effect of pending or threatened legal disputes, governmentalactions, litigation or audits. Forward-looking statements are subject to risks, uncertainties and other factors that maychange at any time and may cause our actual results to differ materially from those that we expected.We derive many of these statements from our operating budgets and forecasts as of the date of thisdocument, which are based on many detailed assumptions that we believe are reasonable. However, itis very difficult to predict the effect of known factors on future results, and we cannot anticipate all ●economic factors, including but not limited to employment levels; inflation (and ourability to adjust prices sufficiently to offset the effect of inflation); pandemics; higherfuel, energy, healthcare, housing and product costs; higher interest rates, consumer debtlevels, and tax rates; lack of available credit; tax law changes that negatively affect programs or subsidies such as unemployment and food/nutrition assistance programs,student loan repayment forgiveness and economic stimulus payments; commodity rates;transportation, lease and insurance costs; wage rates (including the possibility ofincreased federal, and further increased state and/or local minimum wage rates/salarylevels); foreign exchange rate fluctuations; measures that create barriers to or increasethe costs of international trade (including increased import duties or tariffs); thedynamic and uncertain tariff environment (including its impact on our profitability and ●failure to achieve or sustain our s