Edition:
India

Dollar General Plans To Expand Non-consumable Offering To Additional 2,600 Stores Next Year - Conf call


Thursday, 5 Dec 2019 

Dec 5 (Reuters) - Dollar General Corp ::EXEC - PLAN TO EXPAND NONCONSUMABLE OFFERING TO ADDITIONAL 2,600 STORES NEXT YEAR, BRINGING TOTAL NCI STORES TO ABOUT 5000 BY 2020 END - CONF CALL.EXEC - WE HAVE SOME SALES-RELATED HEADWINDS ASSOCIATED WITH THE SHORTENED HOLIDAY SELLING SEASON.DOLLAR GENERAL EXEC - HAVE SOME SALES-RELATED HEADWINDS ASSOCIATED WITH THE LAPPING OF AN ESTIMATED 70 BASIS POINT SALES COMP BENEFIT FROM THE PULL FORWARD OF SNAP PAYMENTS INTO LAST YEAR'S Q4.EXEC - WE WERE SELF-DISTRIBUTING FROZEN GOODS TO ABOUT 4,900 STORES FROM 4 DG FRESH FACILITIES AT THE END OF Q3.EXEC - EXPECT TO CAPTURE BENEFITS FROM DG FRESH INITIATIVE IN MORE THAN 5,500 STORES BY THE END OF THIS YEAR.EXEC - WE REMAIN ON TRACK TO PILOT DG PICKUP, WHICH IS OUR BUY ONLINE, PICK UP IN STORE OFFERING DURING THE FOURTH QUARTER.EXEC ON FEDEX PARTNERSHIP - WE EXPECT TO ROLL OUT FEDEX PACKAGE PICKUP & DROP OFF SERVICE IN OVER 8,000 STORES BY 2020 END.EXEC ON SNAP PROGRAM RULE CHANGES - BASED ON WHAT WE KNOW ABOUT THIS PROPOSAL, WE DON'T SEE THIS AS A MATERIAL IMPACT NEXT YEAR.EXEC - WE'RE OVERCOMING TARIFFS. THE TEAM HAS DONE A PHENOMENAL JOB MITIGATING THAT, SUCH THAT IT'S NOT A MATERIAL IMPACT.