Dollar General (DG) 10-Q 26 Aug 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jul. 30, 2021	Aug. 20, 2021
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jul. 30, 2021
Entity File Number	001-11421
Entity Registrant Name	DOLLAR GENERAL CORPORATION
Entity Incorporation, State or Country Code	TN
Entity Tax Identification Number	61-0502302
Entity Address, Address Line One	100 MISSION RIDGE
Entity Address, City or Town	GOODLETTSVILLE
Entity Address, State or Province	TN
Entity Address, Postal Zip Code	37072
City Area Code	615
Local Phone Number	855-4000
Title of 12(b) Security	Common Stock, par value $0.875 per share
Trading Symbol	DG
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		233,310,218
Current Fiscal Year End Date	--01-28
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000029534
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 30, 2021	Jan. 29, 2021
Current assets:
Cash and cash equivalents	$ 313,666	$ 1,376,577
Merchandise inventories	5,279,273	5,247,477
Income taxes receivable	127,011	90,760
Prepaid expenses and other current assets	272,768	199,405
Total current assets	5,992,718	6,914,219
Net property and equipment	4,104,193	3,899,997
Operating lease assets	9,805,081	9,473,330
Goodwill	4,338,589	4,338,589
Other intangible assets, net	1,199,810	1,199,870
Other assets, net	47,417	36,619
Total assets	25,487,808	25,862,624
Current liabilities:
Current portion of operating lease liabilities	1,127,841	1,074,079
Accounts payable	3,369,984	3,614,089
Accrued expenses and other	973,025	1,006,552
Income taxes payable	8,234	16,063
Total current liabilities	5,479,084	5,710,783
Long-term obligations	4,156,765	4,130,975
Long-term operating lease liabilities	8,661,716	8,385,388
Deferred income taxes	781,477	710,549
Other liabilities	271,631	263,691
Commitments and contingencies
Shareholders' equity:
Preferred stock
Common stock	204,142	210,687
Additional paid-in capital	3,504,850	3,446,612
Retained earnings	2,429,821	3,006,102
Accumulated other comprehensive loss	(1,678)	(2,163)
Total shareholders' equity	6,137,135	6,661,238
Total liabilities and shareholders' equity	$ 25,487,808	$ 25,862,624

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 30, 2021	Jul. 31, 2020	Jul. 30, 2021	Jul. 31, 2020
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
Net sales	$ 8,650,198	$ 8,684,241	$ 17,051,162	$ 17,132,690
Cost of goods sold	5,912,539	5,866,006	11,557,835	11,718,763
Gross profit	2,737,659	2,818,235	5,493,327	5,413,927
Selling, general and administrative expenses	1,888,091	1,775,608	3,734,909	3,504,516
Operating profit	849,568	1,042,627	1,758,418	1,909,411
Interest expense	39,430	39,326	79,822	69,819
Income before income taxes	810,138	1,003,301	1,678,596	1,839,592
Income tax expense	173,119	215,700	363,828	401,545
Net income	$ 637,019	$ 787,601	$ 1,314,768	$ 1,438,047
Earnings per share:
Basic (in dollars per share)	$ 2.71	$ 3.15	$ 5.55	$ 5.73
Diluted (in dollars per share)	$ 2.69	$ 3.12	$ 5.52	$ 5.69
Weighted average shares outstanding:
Basic (in shares)	234,924	250,281	236,736	251,031
Diluted (in shares)	236,406	252,190	238,354	252,908
Dividends per share	$ 0.42	$ 0.36	$ 0.84	$ 0.72

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 30, 2021	Jul. 31, 2020	Jul. 30, 2021	Jul. 31, 2020
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 637,019	$ 787,601	$ 1,314,768	$ 1,438,047
Unrealized net gain (loss) on hedged transactions, net of related income tax expense (benefit) of $86, $86, $173 and $173, respectively	243	243	485	486
Comprehensive income	$ 637,262	$ 787,844	$ 1,315,253	$ 1,438,533

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 30, 2021	Jul. 31, 2020	Jul. 30, 2021	Jul. 31, 2020
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Unrealized net gain (loss) on hedged transactions, income tax expense (benefit)	$ 86	$ 86	$ 173	$ 173

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Total
Balances at Jan. 31, 2020	$ 220,444	$ 3,322,531	$ 3,162,660	$ (3,135)	$ 6,702,500
Balances (in shares) at Jan. 31, 2020	251,936
Increase (Decrease) in Shareholders' Equity
Net income			1,438,047		1,438,047
Dividends per common share			(180,276)		(180,276)
Unrealized net gain (loss) on hedged transactions				486	486
Share-based compensation expense		34,477			34,477
Repurchases of common stock	$ (3,180)		(661,436)		(664,616)
Repurchases of common stock (in shares)	(3,635)
Other equity and related transactions	$ 642	24,811			25,453
Other equity and related transactions (in shares)	732
Balances at Jul. 31, 2020	$ 217,906	3,381,819	3,758,995	(2,649)	7,356,071
Balances (in shares) at Jul. 31, 2020	249,033
Balances at May. 01, 2020	$ 220,259	3,332,283	3,659,804	(2,892)	7,209,454
Balances (in shares) at May. 01, 2020	251,722
Increase (Decrease) in Shareholders' Equity
Net income			787,601		787,601
Dividends per common share			(89,659)		(89,659)
Unrealized net gain (loss) on hedged transactions				243	243
Share-based compensation expense		15,509			15,509
Repurchases of common stock	$ (2,785)		(598,751)		(601,536)
Repurchases of common stock (in shares)	(3,184)
Other equity and related transactions	$ 432	34,027			34,459
Other equity and related transactions (in shares)	495
Balances at Jul. 31, 2020	$ 217,906	3,381,819	3,758,995	(2,649)	7,356,071
Balances (in shares) at Jul. 31, 2020	249,033
Balances at Jan. 29, 2021	$ 210,687	3,446,612	3,006,102	(2,163)	6,661,238
Balances (in shares) at Jan. 29, 2021	240,785
Increase (Decrease) in Shareholders' Equity
Net income			1,314,768		1,314,768
Dividends per common share			(198,136)		(198,136)
Unrealized net gain (loss) on hedged transactions				485	485
Share-based compensation expense		39,903			39,903
Repurchases of common stock	$ (7,235)		(1,692,913)		(1,700,148)
Repurchases of common stock (in shares)	(8,268)
Other equity and related transactions	$ 690	18,335			19,025
Other equity and related transactions (in shares)	788
Balances at Jul. 30, 2021	$ 204,142	3,504,850	2,429,821	(1,678)	6,137,135
Balances (in shares) at Jul. 30, 2021	233,305
Balances at Apr. 30, 2021	$ 206,680	3,457,160	2,588,006	(1,921)	6,249,925
Balances (in shares) at Apr. 30, 2021	236,205
Increase (Decrease) in Shareholders' Equity
Net income			637,019		637,019
Dividends per common share			(98,304)		(98,304)
Unrealized net gain (loss) on hedged transactions				243	243
Share-based compensation expense		16,370			16,370
Repurchases of common stock	$ (2,896)		(696,900)		(699,796)
Repurchases of common stock (in shares)	(3,309)
Other equity and related transactions	$ 358	31,320			31,678
Other equity and related transactions (in shares)	409
Balances at Jul. 30, 2021	$ 204,142	$ 3,504,850	$ 2,429,821	$ (1,678)	$ 6,137,135
Balances (in shares) at Jul. 30, 2021	233,305

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended			6 Months Ended
	Jul. 30, 2021	Apr. 30, 2021	Jul. 31, 2020	Jul. 30, 2021	Jul. 31, 2020
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
Dividends per share	$ 0.42	$ 0.42	$ 0.36	$ 0.84	$ 0.72

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jul. 30, 2021	Jul. 31, 2020
Cash flows from operating activities:
Net income	$ 1,314,768	$ 1,438,047
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization	312,682	278,617
Deferred income taxes	70,755	14,493
Noncash share-based compensation	39,903	34,477
Other noncash (gains) and losses	51,036	6,177
Change in operating assets and liabilities:
Merchandise inventories	(80,038)	283,957
Prepaid expenses and other current assets	(72,072)	(27,237)
Accounts payable	(245,382)	560,918
Accrued expenses and other liabilities	(25,479)	273,208
Income taxes	(44,080)	48,245
Other	(4,549)	(3,567)
Net cash provided by (used in) operating activities	1,317,544	2,907,335
Cash flows from investing activities:
Purchases of property and equipment	(518,466)	(424,167)
Proceeds from sales of property and equipment	1,805	1,051
Net cash provided by (used in) investing activities	(516,661)	(423,116)
Cash flows from financing activities:
Issuance of long-term obligations		1,494,315
Repayments of long-term obligations	(2,936)	(1,037)
Net increase (decrease) in commercial paper outstanding	18,400	(425,200)
Borrowings under revolving credit facilities		300,000
Repayments of borrowings under revolving credit facilities		(300,000)
Costs associated with issuance of debt		(13,574)
Repurchases of common stock	(1,700,148)	(664,616)
Payments of cash dividends	(198,107)	(180,268)
Other equity and related transactions	18,997	25,445
Net cash provided by (used in) financing activities	(1,863,794)	235,065
Net increase (decrease) in cash and cash equivalents	(1,062,911)	2,719,284
Cash and cash equivalents, beginning of period	1,376,577	240,320
Cash and cash equivalents, end of period	313,666	2,959,604
Supplemental noncash investing and financing activities:
Right of use assets obtained in exchange for new operating lease liabilities	893,773	869,137
Purchases of property and equipment awaiting processing for payment, included in Accounts payable	$ 119,336	$ 89,290

Basis of presentation

Basis of presentation	6 Months Ended
	Jul. 30, 2021
Basis of presentation
Basis of presentation	1. Basis of presentation ​ The accompanying unaudited condensed consolidated financial statements of Dollar General Corporation (which individually or together with its subsidiaries, as the context requires, is referred to as the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and are presented in accordance with the requirements of Form 10-Q and Rule 10-01 of Regulation S-X. Such financial statements consequently do not include all of the disclosures normally required by U.S. GAAP for annual financial statements or those normally made in the Company’s Annual Report on Form 10-K, including the condensed consolidated balance sheet as of January 29, 2021 which was derived from the audited consolidated financial statements at that date. Accordingly, readers of this Quarterly Report on Form 10-Q should refer to the Company’s Annual Report on Form 10-K for the fiscal year ended January 29, 2021 for additional information. ​ The Company’s fiscal year ends on the Friday closest to January 31. Unless the context requires otherwise, references to years contained herein pertain to the Company’s fiscal year. The Company’s 2021 fiscal year is scheduled to be a 52-week accounting period ending on January 28, 2022, and the 2020 fiscal year was a 52-week accounting period that ended on January 29, 2021. ​ The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the Company’s customary accounting practices. In management’s opinion, all adjustments (which are of a normal recurring nature) necessary for a fair presentation of the consolidated financial position as of July 30, 2021 and results of operations for the 13-week and 26-week accounting periods ended July 30, 2021 and July 31, 2020 have been made. ​ The preparation of financial statements and related disclosures in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Because the Company’s business is moderately seasonal, the results for interim periods are not necessarily indicative of the results to be expected for the entire year. In addition, the effect of the COVID-19 pandemic on consumer behavior beginning in the first quarter of 2020 resulted in a departure from seasonal norms experienced in recent years and may continue to disrupt the historical quarterly cadence of the Company’s results of operations for an unknown period of time. ​ The Company uses the last-in, first-out (“LIFO”) method of valuing inventory. An actual valuation of inventory under the LIFO method is made at the end of each year based on the inventory levels and costs at that time. Accordingly, interim LIFO calculations are based on management’s estimates of expected year-end inventory levels, sales for the year and the expected rate of inflation or deflation for the year. The interim LIFO calculations are subject to adjustment in the final year-end LIFO inventory valuation. The Company recorded a LIFO provision of $36.0 million and $0.1 million in the respective 13-week periods, and $48.2 million and $1.7 million in the respective 26-week periods, ended July 30, 2021 and July 31, 2020. In addition, ongoing estimates of inventory shrinkage and initial markups and markdowns are included in the interim cost of goods sold calculation. ​ In March 2020 and January 2021, the Financial Accounting Standards Board (“FASB”) issued accounting standards updates pertaining to reference rate reform. This collective guidance is in response to accounting concerns regarding contract modifications and hedge accounting because of impending rate reform associated with structural risks of interbank offered rates (IBORs), and, particularly, the risk of cessation of LIBOR related to regulators in several jurisdictions around the world having undertaken reference rate reform initiatives to identify alternative reference rates. The guidance provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The adoption of this guidance is effective for all entities as of March 12, 2020 through December 31, 2022. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements.

Earnings per share

Earnings per share	6 Months Ended
	Jul. 30, 2021
Earnings per share
Earnings per share	2. Earnings per share ​ Earnings per share is computed as follows (in thousands, except per share data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 13 Weeks Ended July 30, 2021 ​ ​ 13 Weeks Ended July 31, 2020 ​ ​ ​ Weighted ​ ​ Weighted ​ ​ ​ Net ​ Average ​ Per Share ​ ​ Net ​ Average ​ Per Share ​ ​ ​ Income ​ Shares ​ Amount ​ ​ Income ​ Shares ​ Amount ​ Basic earnings per share ​ $ 637,019 234,924 ​ $ 2.71 ​ ​ $ 787,601 250,281 ​ $ 3.15 ​ Effect of dilutive share-based awards ​ ​ ​ 1,482 ​ ​ ​ ​ ​ ​ ​ 1,909 ​ ​ ​ ​ Diluted earnings per share ​ $ 637,019 236,406 ​ $ 2.69 ​ ​ $ 787,601 252,190 ​ $ 3.12 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 26 Weeks Ended July 30, 2021 ​ ​ 26 Weeks Ended July 31, 2020 ​ ​ ​ Weighted ​ ​ Weighted ​ ​ ​ Net ​ Average ​ Per Share ​ ​ Net ​ Average ​ Per Share ​ ​ ​ Income ​ Shares ​ Amount ​ ​ Income ​ Shares ​ Amount ​ Basic earnings per share ​ $ 1,314,768 236,736 ​ $ 5.55 ​ ​ $ 1,438,047 251,031 ​ $ 5.73 ​ Effect of dilutive share-based awards ​ ​ ​ 1,618 ​ ​ ​ ​ ​ ​ ​ 1,877 ​ ​ ​ ​ Diluted earnings per share ​ $ 1,314,768 238,354 ​ $ 5.52 ​ ​ $ 1,438,047 252,908 ​ $ 5.69 ​ ​ Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is determined based on the dilutive effect of share-based awards using the treasury stock method. ​ Share-based awards that were outstanding at the end of the respective periods but were not included in the computation of diluted earnings per share because the effect of exercising such awards would be antidilutive, were less than 0.1 million in each of the respective 13-week periods, and 0.1 million and 0.3 million in the respective 26-week periods, ended July 30, 2021 and July 31, 2020.

Income taxes

Income taxes	6 Months Ended
	Jul. 30, 2021
Income taxes
Income taxes	3. Income taxes ​ Under the accounting standards for income taxes, the asset and liability method is used for computing the future income tax consequences of events that have been recognized in the Company’s consolidated financial statements or income tax returns. ​ Income tax reserves are determined using the methodology established by accounting standards for income taxes which require companies to assess each income tax position taken using the following two-step approach. A determination is first made as to whether it is more likely than not that the position will be sustained, based upon the technical merits, upon examination by the taxing authorities. If the tax position is expected to meet the more likely than not criteria, the benefit recorded for the tax position equals the largest amount that is greater than 50% likely to be realized upon ultimate settlement of the respective tax position. ​ The Company’s 2016 and earlier tax years are not open for further examination by the Internal Revenue Service (“IRS”). The IRS, at its discretion, may choose to examine the Company’s 2017 through 2019 fiscal year income tax filings. The Company has various state income tax examinations that are currently in progress. Generally, with few exceptions, the Company’s 2017 and later tax years remain open for examination by the various state taxing authorities. ​ As of July 30, 2021, the total reserves for uncertain tax benefits, interest expense related to income taxes and potential income tax penalties were $8.2 million, $0.6 million and $0.0 million, respectively, for a total of $8.8 million. This total amount is reflected in noncurrent other liabilities in the condensed consolidated balance sheet. ​ The Company’s reserve for uncertain tax positions is expected to be reduced by $4.1 million in the coming twelve months as a result of expiring statutes of limitations. As of July 30, 2021, approximately $8.2 million of the reserve for uncertain tax positions would impact the Company’s effective income tax rate if the Company were to recognize the tax benefit for these positions. ​ The effective income tax rates for the 13-week and 26-week periods ended July 30, 2021 were 21.4% and 21.7% respectively compared to rates of 21.5% and 21.8% for the 13-week and 26-week periods ended July 31, 2020. The income tax rates for the 13-week and 26-week periods in 2021 were lower than the comparable 13-week and 26-week periods in 2020 primarily due to the greater impact of permanent differences resulting from a decrease in pre-tax income for the 2021 periods compared to the 2020 periods.

Leases

Leases	6 Months Ended
	Jul. 30, 2021
Leases
Leases	4. Leases ​ As of July 30, 2021, the Company’s primary leasing activities were real estate leases for most of its retail store locations and certain of its distribution facilities. Substantially all of the Company’s leases are classified as operating leases and the associated assets and liabilities are presented as separate captions in the condensed consolidated balance sheets. Finance lease assets are included in net property and equipment, and finance lease liabilities are included in long-term obligations, in the condensed consolidated balance sheets. At July 30, 2021, the weighted-average remaining lease term for the Company’s operating leases was 9.8 years, and the weighted average discount rate for such leases was 3.8%. Operating lease costs are reflected as selling, general and administrative costs in the condensed consolidated statements of income. For the 26-week periods ended July 30, 2021 and July 31, 2020, such costs were $730.0 million and $678.6 million, respectively. Cash paid for amounts included in the measurement of operating lease liabilities of $735.8 million and $680.4 million, respectively, were reflected in cash flows from operating activities in the condensed consolidated statements of cash flows for the 26-week periods ended July 30, 2021 and July 31, 2020.

Current and long-term obligatio

Current and long-term obligations	6 Months Ended
	Jul. 30, 2021
Current and long-term obligations
Current and long-term obligations	5. Current and long-term obligations ​ Current and long-term obligations consist of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 30, January 29, (In thousands) ​ 2021 ​ 2021 Revolving Facility ​ $ — ​ $ — ​ 3.250% Senior Notes due April 15, 2023 (net of discount of $452 and $583) ​ 899,548 ​ 899,417 ​ 4.150% Senior Notes due November 1, 2025 (net of discount of $372 and $412) ​ ​ 499,628 ​ ​ 499,588 ​ 3.875% Senior Notes due April 15, 2027 (net of discount of $273 and $294) ​ ​ 599,727 ​ ​ 599,706 ​ 4.125% Senior Notes due May 1, 2028 (net of discount of $360 and $383) ​ ​ 499,640 ​ ​ 499,617 ​ 3.500% Senior Notes due April 3, 2030 (net of discount of $594 and $623) ​ ​ 1,006,743 ​ ​ 999,377 ​ 4.125% Senior Notes due April 3, 2050 (net of discount of $4,901 and $4,945) ​ ​ 495,099 ​ ​ 495,055 ​ Unsecured commercial paper notes ​ ​ 18,400 ​ ​ — ​ Other ​ ​ 162,326 ​ ​ 164,365 ​ Debt issuance costs, net ​ (24,346) ​ (26,150) ​ ​ ​ $ 4,156,765 ​ $ 4,130,975 ​ ​ On September 10, 2019, the Company entered into an amended and restated credit agreement, providing for a $1.25 billion unsecured five-year revolving credit facility (the “Revolving Facility”) of which up to $175.0 million is available for letters of credit. ​ Borrowings under the Revolving Facility bear interest at a rate equal to an applicable interest rate margin plus, at the Company’s option, either (a) LIBOR or (b) a base rate (which is usually equal to the prime rate). The applicable interest rate margin for borrowings as of July 30, 2021 was 1.015% for LIBOR borrowings and 0.015% for base-rate borrowings. The Company is also required to pay a facility fee, payable on any used and unused commitment amounts of the Revolving Facility, and customary fees on letters of credit issued under the Revolving Facility. As of July 30, 2021, the facility fee rate was 0.11%. The applicable interest rate margins for borrowings, the facility fees and the letter of credit fees under the Revolving Facility are subject to adjustment from time to time based on the Company’s long-term senior unsecured debt ratings. ​ The Revolving Facility contains a number of customary affirmative and negative covenants that, among other things, restrict, subject to certain exceptions, the Company’s ability to: incur additional liens; sell all or substantially all of the Company’s assets; consummate certain fundamental changes or change in the Company’s lines of business; and incur additional subsidiary indebtedness. The Revolving Facility also contains financial covenants which require the maintenance of a minimum fixed charge coverage ratio and a maximum leverage ratio. As of July 30, 2021, the Company was in compliance with all such covenants. The Revolving Facility also contains customary events of default. ​ As of July 30, 2021, the Company had no outstanding borrowings, outstanding letters of credit of $2.9 million, and borrowing availability of approximately $1.25 billion under the Revolving Facility that, due to its intention to maintain borrowing availability related to the commercial paper program described below, could contribute incremental liquidity of $1.05 billion. In addition, as of July 30, 2021, the Company had outstanding letters of credit of $53.4 million which were issued pursuant to separate agreements. ​ As of July 30, 2021, the Company had a commercial paper program under which the Company may issue unsecured commercial paper notes (the “CP Notes”) from time to time in an aggregate amount not to exceed $1.0 billion outstanding at any time. The CP Notes may have maturities of up to 364 days from the date of issue and rank equal in right of payment with all of the Company’s other unsecured and unsubordinated indebtedness. The Company intends to maintain available commitments under the Revolving Facility in an amount at least equal to the amount of CP Notes outstanding at any time. As of July 30, 2021, the Company’s condensed consolidated balance sheet reflected outstanding unsecured CP Notes of $18.4 million, which had a weighted average borrowing rate of 0.15%. CP Notes totaling $181.0 million were held by a wholly-owned subsidiary of the Company and are therefore not reflected on the condensed consolidated balance sheets. ​ On April 3, 2020, the Company issued $1.0 billion aggregate principal amount of 3.5% senior notes due 2030 (the “2030 Senior Notes”), net of discount of $0.7 million, and $500.0 million aggregate principal amount of 4.125% senior notes due 2050 (the “2050 Senior Notes”), net of discount of $5.0 million. The 2030 Senior Notes are scheduled to mature on April 3, 2030 and the 2050 Senior Notes are scheduled to mature on April 3, 2050. Interest on the 2030 Senior Notes and the 2050 Senior Notes is payable in cash on April 3 and October 3 of each year. The Company incurred $13.6 million of debt issuance costs associated with the issuance of the 2030 Senior Notes and the 2050 Senior Notes. ​ During the second quarter of 2021, the Company entered into interest rate swaps on a portion of the 2030 Senior Notes. These interest rate swaps are being accounted for as fair value hedges, with the derivative asset or liability offset by a corresponding adjustment to the carrying value of the 2030 Senior Notes. Such arrangements are not material to the Company’s condensed consolidated financial statements.

Assets and liabilities measured

Assets and liabilities measured at fair value	6 Months Ended
	Jul. 30, 2021
Assets and liabilities measured at fair value
Assets and liabilities measured at fair value	6. Assets and liabilities measured at fair value ​ Fair value is a market-based measurement, not an entity-specific measurement. Therefore, a fair value measurement should be determined based on the assumptions that market participants would use in pricing the asset or liability. As a basis for considering market participant assumptions in fair value measurements, fair value accounting standards establish a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within Levels 1 and 2 of the hierarchy) and the reporting entity’s own assumptions about market participant assumptions (unobservable inputs classified within Level 3 of the hierarchy). The Company does not have any fair value measurements categorized within Level 3 as of July 30, 2021. ​ The following table presents the Company’s liabilities required to be measured at fair value as of July 30, 2021, aggregated by the level in the fair value hierarchy within which those measurements are classified. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Markets ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ ​ for Identical ​ Other ​ Significant ​ Total Fair ​ ​ ​ Assets and ​ Observable ​ Unobservable ​ Value at ​ ​ ​ Liabilities ​ Inputs ​ Inputs ​ July 30, ​ (In thousands) ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ 2021 ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Long-term obligations (a) ​ $ 4,479,736 ​ $ 180,726 ​ $ — ​ $ 4,660,462 ​ Deferred compensation (b) ​ 44,357 ​ — ​ — ​ 44,357 ​ (a) Included in the condensed consolidated balance sheet at book value as Long-term obligations of $4,156,765. (b) Reflected at fair value in the condensed consolidated balance sheet as Accrued expenses and other current liabilities of $2,444 and noncurrent Other liabilities of $41,913.

Commitments and contingencies

Commitments and contingencies	6 Months Ended
	Jul. 30, 2021
Commitments and contingencies
Commitments and contingencies	7. Commitments and contingencies Legal proceedings From time to time, the Company is a party to various legal matters in the ordinary course of its business, including actions by employees, consumers, suppliers, government agencies, or others. The Company has recorded accruals with respect to these matters, where appropriate, which are reflected in the Company’s consolidated financial statements. For some matters, a liability is not probable or the amount cannot be reasonably estimated and therefore an accrual has not been made. In 2019, the Company recorded an accrual of $31.0 million for losses the Company believes are both probable and reasonably estimable relating to certified class actions and associated matters including the matters discussed below under Consumer/Product Litigation. Except as described below and based on information currently available, the Company believes that its pending legal matters, both individually and in the aggregate, will be resolved without a material adverse effect on the Company’s consolidated financial statements as a whole. However, litigation and other legal matters involve an element of uncertainty. Adverse decisions and settlements, including any required changes to the Company’s business, or other developments in such matters could affect the consolidated operating results in future periods or result in liability or other amounts material to the Company’s annual consolidated financial statements. Consumer/Product Litigation In December 2015 the Company was first notified of several lawsuits in which plaintiffs allege violation of state law, including state consumer protection laws, relating to the labeling, marketing and sale of certain Dollar General private-label motor oil. Each of these lawsuits, as well as additional, similar lawsuits filed after December 2015, was filed in, or removed to, various federal district courts of the United States (collectively “Motor Oil Lawsuits”). On June 2, 2016, the Motor Oil Lawsuits were centralized in a matter styled In re Dollar General Corp. Motor Oil Litigation , Case MDL No. 2709, before the United States District Court for the Western District of Missouri (“Motor Oil MDL”). In their consolidated amended complaint, the plaintiffs in the Motor Oil MDL sought to certify two nationwide classes and multiple statewide sub-classes and for each putative class member some or all of the following relief: compensatory damages, injunctive relief, statutory damages, punitive damages and attorneys’ fees. The parties reached an agreement, which was granted final approval by the court on June 22, 2021, to resolve the Motor Oil MDL for an amount that is immaterial to the Company’s consolidated financial statements as a whole. The Company previously reached agreements with the Offices of the New Mexico Attorney General and the Louisiana Attorney General to resolve, for amounts immaterial to the Company’s consolidated financial statements as a whole, allegations that the Company’s labeling, marketing and sale of certain Dollar General private-label motor oil violated New Mexico and Louisiana law (the “New Mexico and Louisiana Motor Oil Matters”). On September 1, 2017, the Mississippi Attorney General, who also is represented by the counsel for plaintiffs in the Motor Oil MDL, filed an action in the Chancery Court of the First Judicial District of Hinds County, Mississippi alleging that the Company’s labeling, marketing and sale of certain Dollar General private-label motor oil violated Mississippi law. The Company removed this matter to Mississippi federal court on October 5, 2017, and it was transferred to the Motor Oil MDL. On July 7, 2021, the matter was remanded to Mississippi federal court. The Company is vigorously defending these matters and believes that the labeling, marketing and sale of its private-label motor oil comply with applicable federal and state requirements and are not misleading. The Company further believes that these matters are not appropriate for class or similar treatment. At this time, however, except as to the Motor Oil MDL and the New Mexico and Louisiana Motor Oil Matters, it is not possible to predict whether these matters ultimately will be permitted to proceed as a class or in a similar fashion or the size of any putative class or classes. Likewise, except as to Motor Oil MDL and the New Mexico and Louisiana Motor Oil Matters, no assurances can be given that the Company will be successful in its defense of these matters on the merits or otherwise. Based on its belief that a loss in these matters is both probable and reasonably estimable, as noted above, during 2019, the Company recorded an accrual for an amount that is immaterial to the Company’s consolidated financial statements as a whole.

Segment reporting

Segment reporting	6 Months Ended
	Jul. 30, 2021
Segment reporting
Segment reporting	8. Segment reporting ​ The Company manages its business on the basis of one reportable operating segment. As of July 30, 2021, all of the Company’s operations were located within the United States with the exception of certain product sourcing operations, which collectively are not material with regard to assets, results of operations or otherwise to the condensed consolidated financial statements. The following net sales data is presented in accordance with accounting standards related to disclosures about segments of an enterprise. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 13 Weeks Ended ​ 26 Weeks Ended ​ ​ ​ July 30, ​ July 31, ​ July 30, ​ July 31, ​ (in thousands) 2021 2020 2021 2020 Classes of similar products: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumables ​ $ 6,612,950 ​ $ 6,496,350 ​ $ 12,991,085 ​ $ 13,199,799 ​ Seasonal ​ 1,090,311 ​ 1,161,611 ​ 2,140,693 ​ 2,079,523 ​ Home products ​ 561,190 ​ 586,021 ​ 1,132,505 ​ 1,084,303 ​ Apparel ​ 385,747 ​ 440,259 ​ 786,879 ​ 769,065 ​ Net sales ​ $ 8,650,198 ​ $ 8,684,241 ​ $ 17,051,162 ​ $ 17,132,690 ​ ​

Common stock transactions

Common stock transactions	6 Months Ended
	Jul. 30, 2021
Common stock transactions
Common stock transactions	9. Common stock transactions ​ On August 29, 2012, the Company’s Board of Directors (the “Board”) authorized a common stock repurchase program, which the Board has since increased on several occasions. On March 17, 2021, the Board authorized a $2.0 billion increase to the existing common stock repurchase program, bringing the cumulative total to $12.0 billion authorized under the program since its inception in 2012. The repurchase authorization has no expiration date and allows repurchases from time to time in open market transactions, including pursuant to trading plans adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, or in privately negotiated transactions. The timing, manner and number of shares repurchased will depend on a variety of factors, including price, market conditions, compliance with the covenants and restrictions under any applicable debt agreements and other factors. Repurchases under the program may be funded from available cash or borrowings, including under the Revolving Facility and issuance of CP Notes discussed in further detail in Note 5. ​ Pursuant to its common stock repurchase program, during the 26-week periods ended July 30, 2021 and July 31, 2020, the Company repurchased in the open market approximately 8.3 million shares of its common stock at a total cost of $1.7 billion and approximately 3.6 million shares of its common stock at a total cost of $0.7 billion, respectively. ​ The Company paid a cash dividend of $0.42 per share during the first two quarters of 2021. On August 25, 2021, the Board declared a quarterly cash dividend of $0.42 per share, which is payable on or before October 19, 2021 to shareholders of record on October 5, 2021. The amount and declaration of future cash dividends is subject to the sole discretion of the Board and will depend upon, among other things, the Company’s results of operations, cash requirements, financial condition, contractual restrictions and other factors that the Board may deem relevant in its sole discretion.

Earnings per share (Tables)

Earnings per share (Tables)	6 Months Ended
	Jul. 30, 2021
Earnings per share
Schedule of computation of earnings per share	​ Earnings per share is computed as follows (in thousands, except per share data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 13 Weeks Ended July 30, 2021 ​ ​ 13 Weeks Ended July 31, 2020 ​ ​ ​ Weighted ​ ​ Weighted ​ ​ ​ Net ​ Average ​ Per Share ​ ​ Net ​ Average ​ Per Share ​ ​ ​ Income ​ Shares ​ Amount ​ ​ Income ​ Shares ​ Amount ​ Basic earnings per share ​ $ 637,019 234,924 ​ $ 2.71 ​ ​ $ 787,601 250,281 ​ $ 3.15 ​ Effect of dilutive share-based awards ​ ​ ​ 1,482 ​ ​ ​ ​ ​ ​ ​ 1,909 ​ ​ ​ ​ Diluted earnings per share ​ $ 637,019 236,406 ​ $ 2.69 ​ ​ $ 787,601 252,190 ​ $ 3.12 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 26 Weeks Ended July 30, 2021 ​ ​ 26 Weeks Ended July 31, 2020 ​ ​ ​ Weighted ​ ​ Weighted ​ ​ ​ Net ​ Average ​ Per Share ​ ​ Net ​ Average ​ Per Share ​ ​ ​ Income ​ Shares ​ Amount ​ ​ Income ​ Shares ​ Amount ​ Basic earnings per share ​ $ 1,314,768 236,736 ​ $ 5.55 ​ ​ $ 1,438,047 251,031 ​ $ 5.73 ​ Effect of dilutive share-based awards ​ ​ ​ 1,618 ​ ​ ​ ​ ​ ​ ​ 1,877 ​ ​ ​ ​ Diluted earnings per share ​ $ 1,314,768 238,354 ​ $ 5.52 ​ ​ $ 1,438,047 252,908 ​ $ 5.69 ​ ​

Current and long-term obligat_2

Current and long-term obligations (Tables)	6 Months Ended
	Jul. 30, 2021
Current and long-term obligations
Schedule of current and long-term debt obligations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ July 30, January 29, (In thousands) ​ 2021 ​ 2021 Revolving Facility ​ $ — ​ $ — ​ 3.250% Senior Notes due April 15, 2023 (net of discount of $452 and $583) ​ 899,548 ​ 899,417 ​ 4.150% Senior Notes due November 1, 2025 (net of discount of $372 and $412) ​ ​ 499,628 ​ ​ 499,588 ​ 3.875% Senior Notes due April 15, 2027 (net of discount of $273 and $294) ​ ​ 599,727 ​ ​ 599,706 ​ 4.125% Senior Notes due May 1, 2028 (net of discount of $360 and $383) ​ ​ 499,640 ​ ​ 499,617 ​ 3.500% Senior Notes due April 3, 2030 (net of discount of $594 and $623) ​ ​ 1,006,743 ​ ​ 999,377 ​ 4.125% Senior Notes due April 3, 2050 (net of discount of $4,901 and $4,945) ​ ​ 495,099 ​ ​ 495,055 ​ Unsecured commercial paper notes ​ ​ 18,400 ​ ​ — ​ Other ​ ​ 162,326 ​ ​ 164,365 ​ Debt issuance costs, net ​ (24,346) ​ (26,150) ​ ​ ​ $ 4,156,765 ​ $ 4,130,975 ​

Assets and liabilities measur_2

Assets and liabilities measured at fair value (Tables)	6 Months Ended
	Jul. 30, 2021
Assets and liabilities measured at fair value
Schedule of assets and liabilities measured at fair value	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Markets ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ ​ for Identical ​ Other ​ Significant ​ Total Fair ​ ​ ​ Assets and ​ Observable ​ Unobservable ​ Value at ​ ​ ​ Liabilities ​ Inputs ​ Inputs ​ July 30, ​ (In thousands) ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ 2021 ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Long-term obligations (a) ​ $ 4,479,736 ​ $ 180,726 ​ $ — ​ $ 4,660,462 ​ Deferred compensation (b) ​ 44,357 ​ — ​ — ​ 44,357 ​ (a) Included in the condensed consolidated balance sheet at book value as Long-term obligations of $4,156,765. (b) Reflected at fair value in the condensed consolidated balance sheet as Accrued expenses and other current liabilities of $2,444 and noncurrent Other liabilities of $41,913.

Segment reporting (Tables)

Segment reporting (Tables)	6 Months Ended
	Jul. 30, 2021
Segment reporting
Schedule of net sales grouped by classes of similar products	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 13 Weeks Ended ​ 26 Weeks Ended ​ ​ ​ July 30, ​ July 31, ​ July 30, ​ July 31, ​ (in thousands) 2021 2020 2021 2020 Classes of similar products: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumables ​ $ 6,612,950 ​ $ 6,496,350 ​ $ 12,991,085 ​ $ 13,199,799 ​ Seasonal ​ 1,090,311 ​ 1,161,611 ​ 2,140,693 ​ 2,079,523 ​ Home products ​ 561,190 ​ 586,021 ​ 1,132,505 ​ 1,084,303 ​ Apparel ​ 385,747 ​ 440,259 ​ 786,879 ​ 769,065 ​ Net sales ​ $ 8,650,198 ​ $ 8,684,241 ​ $ 17,051,162 ​ $ 17,132,690 ​

Basis of presentation (Details)

Basis of presentation (Details) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 30, 2021USD ($)	Jul. 31, 2020USD ($)	Jul. 30, 2021USD ($)	Jul. 31, 2020USD ($)	Jan. 28, 2022period	Jan. 29, 2021period
Basis of presentation
Fiscal year, number of weeks | period					52	52
Merchandise inventories
LIFO provision | $	$ 36	$ 0.1	$ 48.2	$ 1.7

Earnings per share (Details)

Earnings per share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 30, 2021	Jul. 31, 2020	Jul. 30, 2021	Jul. 31, 2020
Net Income
Basic Earnings	$ 637,019	$ 787,601	$ 1,314,768	$ 1,438,047
Diluted Earnings	$ 637,019	$ 787,601	$ 1,314,768	$ 1,438,047
Shares
Shares outstanding, basic	234,924	250,281	236,736	251,031
Effect of dilutive share-based awards	1,482	1,909	1,618	1,877
Shares outstanding, diluted	236,406	252,190	238,354	252,908
Per Share Amount
Basic earnings per share (in dollars per share)	$ 2.71	$ 3.15	$ 5.55	$ 5.73
Diluted earnings per share (in dollars per share)	$ 2.69	$ 3.12	$ 5.52	$ 5.69
Share-based awards outstanding excluded from computation of diluted earnings per share	100	100	100	300

Income taxes (Details)

Income taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 30, 2021	Jul. 31, 2020	Jul. 30, 2021	Jul. 31, 2020
Income taxes
Reserves for uncertain tax benefits	$ 8.2		$ 8.2
Interest accrued related to uncertain tax benefits	0.6		0.6
Potential penalties accrued related to uncertain tax benefits	0		0
Reserves for uncertain tax benefits included in noncurrent Other liabilities	8.8		8.8
Reserve for uncertain tax positions for which a reduction is reasonably possible in the next twelve months	4.1		4.1
Reserve for uncertain tax positions that would impact effective tax rate if recognized	$ 8.2		$ 8.2
Effective income tax rates (as a percent)	21.40%	21.50%	21.70%	21.80%

Leases (Details)

Leases (Details) - USD ($) $ in Millions	6 Months Ended
	Jul. 30, 2021	Jul. 31, 2020
Leases
Weighted-average remaining lease term	9 years 9 months 18 days
Weighed average discount rate	3.80%
Cash paid for operating leases	$ 735,800	$ 680,400
Operating lease cost	$ 730,000	$ 678,600

Current and long-term obligat_3

Current and long-term obligations (Details) - USD ($) $ in Thousands	Sep. 10, 2019	Jul. 30, 2021	Jan. 29, 2021	Apr. 03, 2020
Current and long-term obligations
Debt issuance costs, net		$ (24,346)	$ (26,150)
Current and long-term obligations		4,156,765	4,130,975
Senior unsecured credit facility, Revolving Facility
Current and long-term obligations
Current and long-term obligations		0
Maximum financing under credit agreements	$ 1,250,000	$ 1,250,000
Credit facility term	5 years	5 years
Facility fee rate		0.11%
Borrowing availability under credit facility		$ 1,250,000
Borrowing availability except for amount reserved for commercial paper program		$ 1,050,000
Senior unsecured credit facility, Revolving Facility | LIBOR loans
Current and long-term obligations
Variable rate basis		LIBOR
Spread on variable rate (as a percent)		1.015%
Senior unsecured credit facility, Revolving Facility | Base-rate loans
Current and long-term obligations
Variable rate basis		base rate
Spread on variable rate (as a percent)		0.015%
Senior unsecured credit facility, Revolving Facility | Letters of credit
Current and long-term obligations
Maximum financing under credit agreements	$ 175,000	$ 175,000
Letters of credit outstanding		2,900
3.25% Senior Notes due April 15, 2023
Current and long-term obligations
Current and long-term obligations		899,548	899,417
Discount on debt issuance		$ 452	$ 583
Stated interest rate (as a percent)		3.25%	3.25%
4.150% Senior Notes due Nov 1, 2025
Current and long-term obligations
Current and long-term obligations		$ 499,628	$ 499,588
Discount on debt issuance		$ 372	$ 412
Stated interest rate (as a percent)		4.15%	4.15%
3.875% Senior Notes due April 15. 2027
Current and long-term obligations
Current and long-term obligations		$ 599,727	$ 599,706
Discount on debt issuance		$ 273	$ 294
Stated interest rate (as a percent)		3.875%	3.875%
4.125% Senior Notes due May 1, 2028
Current and long-term obligations
Current and long-term obligations		$ 499,640	$ 499,617
Discount on debt issuance		$ 360	$ 383
Stated interest rate (as a percent)		4.125%	4.125%
Senior Notes Due 2030 And 2050
Current and long-term obligations
Debt issue costs				$ 13,600
3.500% Senior Notes due April 3, 2030
Current and long-term obligations
Current and long-term obligations		$ 1,006,743	$ 999,377
Discount on debt issuance		$ 594	$ 623	700
Amount borrowed				$ 1,000,000
Stated interest rate (as a percent)		3.50%	3.50%	3.50%
4.125% Senior Notes due April 3, 2050
Current and long-term obligations
Current and long-term obligations		$ 495,099	$ 495,055
Discount on debt issuance		$ 4,901	$ 4,945	$ 5,000
Amount borrowed				$ 500,000
Stated interest rate (as a percent)		4.125%	4.125%	4.125%
Unsecured commercial paper notes
Current and long-term obligations
Current and long-term obligations		$ 18,400
Maximum maturity		364 days
Maximum aggregate borrowing amount		$ 1,000,000
Weighted average interest rate (as a percent)		0.15%
Unsecured commercial paper notes | Wholly-owned subsidiary
Current and long-term obligations
Current and long-term obligations		$ 181,000
Other
Current and long-term obligations
Current and long-term obligations		162,326	$ 164,365
Letter Of Credit Outside Of Revolving Facility
Current and long-term obligations
Letters of credit outstanding		$ 53,400

Assets and liabilities measur_3

Assets and liabilities measured at fair value (Details) - USD ($) $ in Thousands	Jul. 30, 2021	Jan. 29, 2021
Liabilities:
Current and long-term obligations	$ 4,156,765	$ 4,130,975
Reported amount | Long-term obligations
Liabilities:
Current and long-term obligations	4,156,765
Reported amount | Accrued expenses and other current liabilities
Liabilities:
Deferred compensation	2,444
Reported amount | Noncurrent Other liabilities
Liabilities:
Deferred compensation	41,913
Fair value measurements on recurring basis | Balance at the end of the period
Liabilities:
Long-term obligations	4,660,462
Deferred compensation	44,357
Fair value measurements on recurring basis | Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1)
Liabilities:
Long-term obligations	4,479,736
Deferred compensation	44,357
Fair value measurements on recurring basis | Significant Other Observable Inputs (Level 2)
Liabilities:
Long-term obligations	$ 180,726

Commitments and contingencies -

Commitments and contingencies - Legal proceedings (Details) - Pending litigation $ in Millions	Jan. 31, 2020USD ($)	Jun. 02, 2016item
Legal proceedings
Expected possible loss | $	$ 31
Motor Oil MDL
Legal proceedings
Number of nationwide classes | item		2

Segment reporting (Details)

Segment reporting (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 30, 2021USD ($)segment	Jul. 31, 2020USD ($)segment	Jul. 30, 2021USD ($)segment	Jul. 31, 2020USD ($)segment
Net sales data for classes of similar products
Net sales	$ 8,650,198	$ 8,684,241	$ 17,051,162	$ 17,132,690
Number of reportable segments
Number of reportable operating segments | segment	1	1	1	1
Consumables
Net sales data for classes of similar products
Net sales	$ 6,612,950	$ 6,496,350	$ 12,991,085	$ 13,199,799
Seasonal
Net sales data for classes of similar products
Net sales	1,090,311	1,161,611	2,140,693	2,079,523
Home products
Net sales data for classes of similar products
Net sales	561,190	586,021	1,132,505	1,084,303
Apparel
Net sales data for classes of similar products
Net sales	$ 385,747	$ 440,259	$ 786,879	$ 769,065

Common stock transactions (Deta

Common stock transactions (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	Aug. 25, 2021	Mar. 17, 2021	Jul. 30, 2021	Apr. 30, 2021	Jul. 31, 2020	Jul. 30, 2021	Jul. 31, 2020
Common stock transactions
Aggregate purchase price			$ 699,796		$ 601,536	$ 1,700,148	$ 664,616
Cash dividend paid (in dollars per share)			$ 0.42	$ 0.42	$ 0.36	$ 0.84	$ 0.72
Subsequent event
Common stock transactions
Cash dividend declared (in dollars per share)	$ 0.42
Common Stock
Common stock transactions
Shares acquired under share repurchase program			3,309		3,184	8,268	3,635
Aggregate purchase price			$ 2,896		$ 2,785	$ 7,235	$ 3,180
Common Stock | Pursuant to Authorized Repurchase Program
Common stock transactions
Common stock repurchase program, increase in the authorized amount		$ 2,000,000
Common stock repurchase authorization		$ 12,000,000
Shares acquired under share repurchase program						8,300	3,600
Aggregate purchase price						$ 1,700,000	$ 700