Dollar General Touts 6% Comp Lift From Project Renovate Remodels

โดย Zacks Investment Research·

Summary · why it matters

Dollar General Corporation said its Project Renovate and Project Elevate store remodel programs are driving comparable-sales growth across its mature store base. Project Renovate, the company's traditional full-remodel program for stores at least seven years past opening or their last major remodel, targets an annualized comparable-sales lift of about 6%, while Project Elevate, which touches as much as 80% of a store through asset upgrades, merchandising changes, product adjacency adjustments and category refreshes, targets about 3%. Through the end of the second quarter of fiscal 2026, Dollar General had completed 1,324 Project Renovate remodels and 1,422 Project Elevate remodels, and it still expects to complete about 2,000 Renovate projects and 2,250 Elevate projects for the full year. For comparison, Walmart Inc. completed about 220 U.S. store remodels in the second quarter of fiscal 2027 with Walmart U.S. comparable sales up 2.6%, while Target Corporation has more than 100 full-store remodels underway toward roughly 130 for the year and posted a 2.7% comparable store sales increase. Dollar General shares have advanced 6.4% over the past three months against the industry's 7.6% decline, and the Zacks Consensus Estimate for its earnings per share for the current and next fiscal year has risen by 48 cents and 29 cents to $7.86 and $8.35, respectively, over the past 30 days.

Dollar General Corporation ▲