Dollar General falls after announcing departure of veteran CEO Todd Vasos

Shares of Dollar General DG.N rise 2.5% to $121.94

Co announces veteran CEO Todd Vasos is stepping down to be replaced by Jerry "JJ" Fleeman Jr

DG snaps two straight sessions of gains, dropping to its lowest level since December 4

Fleeman is currently the CEO of the U.S. division of Ahold Delhaize after spending more than 35 years at the multinational retailer. His appointment as DG's CEO is effective January 1, 2027, company says in statement

Vasos is in his second stint, having served as CEO for ten years from 2015 to 2022 and from 2023 to present. He will continue to serve as CEO until the effective date of the transition, after which he will serve as senior advisor through April 2, 2027

31 analysts rate DG "buy" on average; median PT is $150 - LSEG data

DG down 8.8% YTD vs. 8.6% fall in S&P 500's consumer discretionary index .SPLRCD