Dollar General is expanding into home furnishings, kitchenware and party supplies.
Over the past year, Dollar General has quietly been adding pillows, home decorations, gift bags and wrapping paper to more than 1,000 stores. Most of the stuff costs $5 or less.
Dollar General is also adding produce sections, healthier snacks and a new private-label cosmetics brand to thousands of stores
By the end of 2019, Dollar General plans to offer these products in around 2,400 stores or about 15% of its 15,000+ locations in the United States.
DG stock does not meet our stringent criteria for inclusion the in the GST Portfolio at this time but store expansion initiatives, continued restructuring and improvement of distribution centers should keep driving higher revenues. DG stock is worth adding to your watch list to stalk for a pullback.
Disclosure: I do not hold any position in DG stock.