Dollar General Corporation (NYSE:DG) Q2 2023 Earnings Call Transcript

Kelly Dilts : Yes. So starting with inflation, certainly much less than we saw last year. So inflation over the front half of the year has been about 1.5%. Right now, we expect it to be pretty similar as we go into Q3 and Q4. On the comp piece of that in the sales for Q4, we’re certainly expecting it to be better than Q3. It could be positive and we’ll just see how this customer reacts to what we’re doing.

Operator: We have reached the end of the question-and-answer session. I would now like to turn the call over to Jeff Owen for closing comments.

Jeffery Owen : Thank you for all the questions, and thanks for your interest in Dollar General. If I could summarize our discussion today, I’d like to leave you with this. We’ve had our share of challenges in recent quarters and some of those have been self-inflicted, but the actions that we’re taking in response are gaining traction and we’re making good progress against our goals. We’re taking key steps in making investments to accelerate our progress over the back half of the year as we look to drive sales and lower our cost to serve while solidifying the foundation for growth in 2024 and beyond. We have a tremendously strong foundation and an incredibly bright future and a strong track record of doing what we say we’re going to do.

And we believe we are well positioned to do so again. Before we sign off, I want to again express that our hearts are with the victims, their families and the community of Jacksonville. We are proud of our Dollar General family, we’re coming together to support each other and our customers during this difficult time. Thank you again for joining us this morning.

Operator: This concludes today’s conference. You may disconnect your lines at this time, and we thank you for your participation.