Overview Key strengths Key risks Strong market position as one of the largest dollar store players in the U.S.Consistent free cash flow generation.Countercyclical business less exposed to online disruption than most retail peers.Historically conservative financial policy with a commitment to investment-grade ratings. Freight and supply chain disruptions and impact from inflation remain challenges. Labor turnover and wage pressure also persist. Core lower-income customers' spending power limited and vulnerable to higher energy prices and higher unemployment. In March of this year the company announced a reconstituted 12 member board of directors with Richard Dreiling as new executive chair, a board seat for Mantle Ridge founder Paul Hilal, five new independent directors unaffiliated with Mantle Ridge, and five continuing directors. From May
