Tennessee’s Dollar General — A Booming Bargain Store

What started as a small, country store is now countrywide

   

Dollar store Dollar General (NYSE:DG) began as a small, southern, father-son startup, but now it’s far more than a family affair.

In 1939, J.L. Turner and his pop, Cal Turner, opened a tiny wholesale store that became the first Dollar General 16 years later. By Dollar General’s 50th anniversary, it had 1,300 stores and 7,000 workers. Soon, it was bringing in millions.

And they thought that was good.

Now, the Goodlettsville, Tenn.-based corporation — which went public back in 1968 — is the nation’s largest small-box discount retailer. It has 10,000 stores and 11 distribution centers in 40 states, employs 90,000 workers and is worth roughly $16.8 billion by market cap.

Not too shabby for some rural roots.

Dollar General had no problem climbing out of the financial crisis either, steadily increasing earnings and revenue since 2009 — EPS has gone from 34 cents to $2.22 and revenue has gone from $2.4 billion to almost $4 billion.

The company is American through and through. In addition to putting tens of thousands of Americans to work in its stores, it also sells numerous brands made by top American manufacturers, including Procter & Gamble (NYSE:PG), Kellogg (NYSE:K), General Mills (NYSE:GIS), PepsiCo (NYSE:PEP) and Coca-Cola (NYSE:KO).

Check out the complete list of Real America Index components, along with an interactive map of short-term and long-term returns.

Alyssa Oursler is an Editorial Assistant at InvestorPlace. As of this writing, she did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, http://investorplace.com/real-america-index/tennessee-dollar-general-dg-a-booming-bargain-store/.

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