Kelly Dilts, Chief Financial Officer of Dollar General, stated on the company’s earnings call, according to a transcript: “Finally, to support reducing our debt leverage ratio, and maintaining our current investment-grade credit ratings, we do not plan to repurchase common stock this year under our board authorized repurchase program, although as I mentioned, share repurchases remain a part of our future capital allocation strategy. Although our leverage ratio is currently above our target of approximately three times adjusted debt-to-adjusted EBITDAR, we are focused on improving our debt metrics in support of our commitment to our current investment-grade credit ratings which as a reminder, our triple B and BAA too. Cash generation is always important and we are focused on further improving cash flow as we move through 2024. We believe these actions, which are aligned with our capital allocation priorities, will continue to strengthen our overall financial position for 2024 and beyond.”
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