{"schemaVersion":1,"research":true,"symbol":"dg","name":"Dollar General","topic":"moat","path":"/stock/dg/moat","status":"published","version":4,"updatedAt":"2026-10-18T00:22:06.874Z","locked":false,"publicFairValue":false,"fairValue":null,"moat":{"verdict":"narrow","summary":"Dollar General has a narrow cost advantage supported by concentrated purchasing, a limited assortment and a convenient store footprint, with decades of same-store sales growth providing operating corroboration. Its relative cost lead is not quantified. Pricing power is weak: 2026 tariff refunds funded promotions and lower everyday prices. Rising costs, impaired expansion investments and intense competition limit confidence in durability; recent shrink improvements and earnings growth show some resilience.","advantages":[{"mechanism":"cost_advantage","claim":"Large purchasing volumes within a focused assortment support low product costs and competitive everyday prices. Convenient small stores complement this advantage. The purchasing mechanism is an issuer assertion, corroborated indirectly by the long record of same-store sales growth rather than comparative competitor cost data.","durability":"The established purchasing model and store footprint support a narrow advantage. Positive annual same-store sales growth since 1990, except 2021, demonstrates sustained demand, but does not establish an unassailable cost lead or customer lock-in.","risks":"Intense competition and competing digital convenience can weaken differentiation. Wage, occupancy, store-opening and fuel costs have risen. Targeted price reductions demonstrate pressure to preserve affordability. The pOpshelf impairment shows that the core model's advantages do not automatically transfer to new formats.","invalidation":"The thesis would fail if sustained comparable-store sales declines accompanied evidence that purchasing and operating efficiencies no longer support competitive prices, or if persistent cost increases overwhelmed efficiencies and made the established store model economically unattractive. Competitor cost parity or superior convenience at comparable prices would also undermine it.","competitors":[],"evidenceIds":["e1","e2","e3","e4","e5"],"counterEvidenceIds":["e6","e7","e8","e9","e10"]}],"evidence":[{"id":"e1","sourceId":"filing-1","location":"Business / low-cost operating approach and limited assortment","excerpt":"We are able to maintain competitive prices due in part to our low-cost operating approach and the relatively limited assortment of products offered."},{"id":"e2","sourceId":"filing-1","location":"Business / purchasing volumes and product costs","excerpt":"Purchasing large volumes of merchandise within our focused assortment in each merchandise category allows us to keep our average product costs low, contributing to our ability to offer competitive everyday prices to our customers."},{"id":"e3","sourceId":"filing-1","location":"Business / small-store convenience and proximity","excerpt":"​ We believe that we differentiate ourselves from other forms of retailing by offering competitive prices in a convenient, small-store format, and by operating our stores in close proximity to our customers, with approximately 75% of the U.S."},{"id":"e4","sourceId":"filing-1","location":"Business / population within five miles of a store","excerpt":"population located within five miles of a Dollar General store."},{"id":"e5","sourceId":"filing-1","location":"Business / historical annual same-store sales growth","excerpt":"​ We have achieved positive same-store sales growth each year since 1990, with the exception of 2021 which followed unusually high sales results in 2020 during the height of the COVID pandemic."},{"id":"e6","sourceId":"filing-1","location":"Business / competition and digital convenience","excerpt":"Competition is intense and we believe it will continue to be so, with certain competitors reducing their store locations while others move into or increase their presence in our geographic and product markets and increase the availability of mobile, web-based and other digital technology to facilitate a more convenient and competitive online and in-store customer shopping experience."},{"id":"e7","sourceId":"filing-2","location":"MD&A / tariff refunds reinvested in promotions and lower prices","excerpt":"We received the majority of the expected refunds during the quarter and reinvested a substantial portion of the refunds in our customer value proposition through targeted promotional activities and lower everyday prices."},{"id":"e8","sourceId":"filing-2","location":"MD&A / opening costs, occupancy costs and projected store returns","excerpt":"Both inflation and higher interest rates have significantly increased new store opening costs and occupancy costs in recent years and, while new store returns remain strong, these increased costs have negatively impacted our projected new store returns and influenced our new store growth plans."},{"id":"e9","sourceId":"filing-2","location":"MD&A / realized second-quarter fuel cost increases","excerpt":"Furthermore, we incurred significantly higher fuel costs in the second quarter of 2026, and we expect this trend to continue for an uncertain duration."},{"id":"e10","sourceId":"filing-1","location":"Risk factors / fourth-quarter 2024 impairment, primarily pOpshelf","excerpt":"For example, in the fourth quarter of 2024, we recorded a significant impairment expense, the majority of which relates to pOpshelf stores."},{"id":"e11","sourceId":"filing-2","location":"MD&A / realized shrink and damage improvements","excerpt":"​ Inventory shrink has significantly improved from elevated levels in recent years, and although damages remain elevated, we made progress reducing damages in the second quarter of 2026."},{"id":"e12","sourceId":"filing-2","location":"Consolidated cash flow statement / first-half 2026 and 2025 results","excerpt":"​ 9 ​ DOLLAR GENERAL CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (In thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the 26 weeks ended ​ ​ ​ ​ July 31, ​ ​ ​ August 1, ​ ​ 2026 ​ 2025 Cash flows from operating activities: ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 994,442 ​ $ 803,354 ​ Adjustments to reconcile net income to net cash from operating activities: ​ ​ ​ ​ ​ ​ ​ Depreciation and amortization ​ 548,310 ​ 509,609 ​ Deferred income taxes ​ 82,037 ​ 24,035 ​ Noncash share-based compensation ​ 61,213 ​ 52,977 ​ Other noncash (gains) and losses ​ 29,922 ​ 88,387 ​ Change in operating assets and liabilities: ​ ​ ​ ​ ​ ​ ​ Merchandise inventories ​ (248,951) ​ 44,667 ​ Prepaid expenses and other current assets ​ (169,447) ​ (25,727) ​ Accounts payable ​ 275,501 ​ 111,177 ​ Accrued expenses and other liabilities ​ 74,696 ​ 167,312 ​ Income taxes ​ (140,944) ​ 46,560 ​ Other ​ (10,074) ​ (7,496) ​ Net cash provided by (used in) operating activities ​ 1,496,705 ​ 1,814,855 ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from investing activities: ​ ​ ​ ​ ​ ​ ​ Purchases of property and equipment ​ (758,450) ​ (693,918) ​ Proceeds from sales of property and equipment ​ 4,168 ​ 2,424 ​ Net cash provided by (used in) investing activities ​ (754,282) ​ (691,494) ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flows from financing activities: ​ ​ ​ ​ ​ ​ ​ Repayments of long-term obligations ​ (11,937) ​ (509,629) ​ Costs associated with issuance of debt ​ — ​ (487) ​ Payments of cash dividends ​ ​ (260,307) ​ ​ (259,718) ​ Other equity and related transactions ​ (19,090) ​ (1,536) ​ Net cash provided by (used in) financing activities ​ (291,334) ​ (771,370) ​ Net increase (decrease) in cash and cash equivalents ​ 451,089 ​ 351,991 ​ Cash and cash equivalents, beginning of period ​ 1,138,501 ​ 932,576 ​ Cash and cash equivalents, end of period ​ $ 1,589,590 ​ $ 1,284,567 ​ ​ ​ ​ ​ ​ ​ ​ ​ Supplemental noncash investing and financing activities: ​ ​ ​ ​ ​ ​ ​ Right of use assets obtained in exchange for new operating lease liabilities ​ $ 845,860 ​ $ 859,724 ​ Purchases of property and equipment awaiting processing for payment, included in Accounts payable ​ $ 146,552 ​ $ 117,281 ​ ​ See notes to consolidated financial statements."},{"id":"e13","sourceId":"filing-1","location":"Business model / merchandise and pricing adjustments","excerpt":"We continually evaluate the needs and demands of our customers and modify our merchandise selections and pricing accordingly, while remaining focused on increasing profitability, cash generation and returns for our shareholders."},{"id":"e14","sourceId":"filing-2","location":"MD&A / actual capital expenditure allocation and store projects","excerpt":"Significant components of property and equipment purchases included the following approximate amounts: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 26 Weeks Ended ​ ​ ​ July 31, ​ August 1, ​ (amounts in millions, except store count amounts) ​ ​ ​ 2026 ​ 2025 Existing stores improvements, upgrades, remodels, and relocations ​ $ 414.5 ​ $ 365.4 ​ Distribution and transportation-related capital expenditures ​ ​ 168.2 ​ ​ 151.1 ​ New stores primarily for leasehold improvements, fixtures and equipment ​ 132.7 ​ 142.8 ​ Information systems upgrades and technology-related projects ​ 31.1 ​ 32.2 ​ Other ​ 12.0 ​ 2.4 ​ Total purchases of property and equipment ​ $ 758.5 ​ $ 693.9 ​ ​ ​ ​ ​ ​ ​ ​ ​ Store Counts ​ ​ ​ ​ ​ ​ ​ New stores ​ ​ 321 ​ ​ 360 ​ Remodeled or relocated (a) ​ ​ 2,757 ​ ​ 2,586 ​ ​ (a) Remodeled store counts include 1,324 stores through Project Renovate and 1,422 stores through Project Elevate."},{"id":"e15","sourceId":"filing-3","location":"Executive compensation / three-year adjusted ROIC result and unearned PSUs","excerpt":"We achieved adjusted ROIC of 18.38%, or 85.1% of the adjusted ROIC three-year target related to the portion of PSUs granted in 2023 subject to 2023-2025 adjusted ROIC performance, which was below the level required to earn such PSUs (see “Long-Term Equity Incentive Program”)."},{"id":"e16","sourceId":"filing-3","location":"Proxy summary / actual 2025 incentive structure","excerpt":"​ Pay Element ​ ​ Vehicle​ ​ ​ Key Details​ ​ ​ Base Salary ​ ​ Cash ​ ​ Reflects comparable positions in the competitive marketplace, recognizing performance, responsibilities and experience ​ ​ Short-Term Incentive “Teamshare” ​ ​ Cash ​ ​ Adjusted EBIT (70%) Net Sales (20%) Strategic Objective (Project Elevate) (10%) ​ ​ Long-Term Incentive* ​ ​ RSUs (50%) ​ ​ 3-Year Ratable Vesting ​ ​ PSUs (50%) ​ ​ Performance Metrics / Vesting Periods: 1-Year Adjusted EBITDA (50%) /​ 3-Year Ratable Vesting 3-Year Average Adjusted ROIC (50%) / 3-Year Cliff Vesting ​ * Mr."},{"id":"e17","sourceId":"filing-3","location":"Executive compensation / CEO option-share holding requirement","excerpt":"Vasos must hold any shares he acquires upon exercise of any portion of the 2023 Rehire Options until at least October 12, 2027 (except shares withheld to pay any exercise price or to satisfy tax withholding obligations or shares acquired after his death, disability termination or qualifying termination in connection with a change in control)."},{"id":"e18","sourceId":"filing-3","location":"Director independence / actual committee independence","excerpt":"There is no person currently serving or who served in 2025 on the Audit Committee, the CHCM Committee, the NGCR Committee or the Technology Committee that does or did not meet, as applicable, the NYSE independence requirements for membership on those committees, as applicable; our additional standards; and, as to the Audit Committee, SEC rules."},{"id":"e19","sourceId":"filing-3","location":"Related-party transactions / advance review and conflict restrictions","excerpt":"The policy requires that a designated Board committee review in advance and oversee related party transactions for potential conflicts of interest and prohibit transactions it determines to be inconsistent with the interests of Dollar General and our shareholders."},{"id":"e20","sourceId":"filing-3","location":"Shareholder rights / annual director elections","excerpt":"​ • Annual Board Elections with a Majority Voting Standard: All of our directors are elected annually by our shareholders."},{"id":"e21","sourceId":"filing-3","location":"Shareholder rights / equal voting and no supermajority provisions","excerpt":"​ • Equal Voting Rights for All Shareholders and No Supermajority Voting Provisions: We have equal voting rights for all shareholders, and our Charter and Bylaws do not contain provisions requiring more than a simple or absolute majority vote for any issue."},{"id":"e22","sourceId":"filing-2","location":"Commitments and contingencies / shareholder derivative litigation allegations","excerpt":"The claims in the State Court Shareholder Derivative Litigation include allegations that certain of the Company’s current and former officers and directors (i) violated their fiduciary duties by misrepresenting the impact of alleged store labor, inventory pricing and other practices on the Company’s financial results, prospects, and reputation, as well as creating a risk of adverse regulatory action; (ii) were unjustly enriched; and (iii) that Mr."},{"id":"e23","sourceId":"filing-2","location":"Controls and procedures / management's effectiveness conclusion","excerpt":"Based on this evaluation, our principal executive officer and our principal financial officer concluded that our disclosure controls and procedures were effective as of the end of the period covered by this report."},{"id":"e24","sourceId":"filing-3","location":"Proxy summary / CEO exception to 2025 long-term incentive grants","excerpt":"Vasos was not granted long-term incentive awards for 2025."}],"changes":["No comparable previous version."],"limitations":["All supplied sources are issuer filings. Purchasing advantages and competitive differentiation are management assertions; historical operating results provide indirect corroboration, not a quantified relative cost comparison.","No competing companies are identified as competitors in the supplied passages. Companies mentioned in director biographies do not establish competitor coverage.","The passages do not establish local market exclusivity, entry deterrence, network effects, switching costs or brand-driven premium pricing.","No customer cohort retention, price elasticity, comparable price basket or detailed gross-margin series is supplied. Demand persistence and operating resilience are assessed indirectly.","Proxy evidence establishes compensation arrangements and governance practices, but the supplied ownership disclosure is incomplete and does not establish outright executive economic ownership. Proposed 2026 votes are not treated as adopted changes.","The March 20, April 7 and August 27, 2026 source dates are filing dates. Fiscal 2025 ended January 30, 2026; the latest operating evidence covers the period ended July 31, 2026."],"qualityAssessments":[{"category":"moat","checks":[{"criterion":"structural_advantage","grade":2,"rationale":"Focused purchasing volumes and a low-cost assortment provide a concrete advantage mechanism, complemented by store proximity. Long-term demand supports its relevance, but relative procurement costs and barriers to replication are not demonstrated.","evidenceIds":["e1","e2","e3","e4","e5"]},{"criterion":"durability","grade":3,"rationale":"Positive annual same-store sales growth since 1990, except 2021, demonstrates unusually persistent demand across economic conditions. This supports durability of the value proposition, with less certainty about the relative cost lead; competition and rising expansion costs constrain the assessment.","evidenceIds":["e5","e6","e8"]},{"criterion":"customer_dependency","grade":1,"rationale":"Proximity and persistent demand support habitual convenience, but competitive prices and easy shopping offer fragile dependence. Intense competition and realized price reductions provide no evidence of meaningful customer lock-in.","evidenceIds":["e3","e4","e5","e6","e7"]},{"criterion":"erosion_resilience","grade":2,"rationale":"Shrink improvements and higher first-half net income demonstrate adaptation despite cost pressures. Lower operating cash flow, higher fuel and occupancy costs, and the pOpshelf impairment show material vulnerabilities. Generic risks are not treated as realized losses.","evidenceIds":["e8","e9","e10","e11","e12"]}]},{"category":"pricing_power","checks":[{"criterion":"realized_pricing","grade":1,"rationale":"A substantial portion of received tariff refunds funded promotions and lower everyday prices in 2026. These observed reductions support weak pricing power, although they were partly funded by cost relief rather than demonstrated forced discounting.","evidenceIds":["e7"]},{"criterion":"retention","grade":3,"rationale":"The decades-long same-store sales record strongly supports persistent demand indirectly. It does not measure individual repeat customers, customer retention rates or willingness to remain after price increases.","evidenceIds":["e5"]},{"criterion":"margin_resilience","grade":2,"rationale":"Higher first-half net income and realized shrink improvement support mixed operating resilience while prices were reduced and fuel costs rose. A detailed margin bridge is absent, so earnings growth does not establish strong pricing-led margin protection.","evidenceIds":["e7","e9","e11","e12"]},{"criterion":"contractual_freedom","grade":2,"rationale":"Disclosed routine pricing adjustments and implemented price reductions demonstrate practical discretion over retail prices. The passages do not establish comprehensive contractual freedom or the ability to raise prices without demand consequences.","evidenceIds":["e13","e7"]}]},{"category":"strong_management","checks":[{"criterion":"capital_discipline","grade":2,"rationale":"First-half operating cash flow of approximately $1.50 billion covered $758 million of property purchases and $260 million of dividends, with cash increasing. Actual investment favored existing stores and logistics. Lower operating cash flow, substantial new lease commitments, the pOpshelf impairment and missed three-year ROIC incentive threshold make the overall record mixed.","evidenceIds":["e12","e14","e10","e15"]},{"criterion":"incentive_alignment","grade":3,"rationale":"Actual 2025 incentives combined operating results, sales, a remodeling objective and equity, including three-year ROIC awards. Failure to meet the earlier ROIC threshold resulted in no earning of that PSU portion, demonstrating performance consequences. The CEO had a holding requirement but received no 2025 long-term awards. Full outright ownership and realized long-term alignment are not established.","evidenceIds":["e15","e16","e17","e24"]},{"criterion":"execution","grade":2,"rationale":"Completed store projects, improved shrink and higher first-half net income provide actual, partly indirect execution evidence. Elevated damages, reduced operating cash flow, the pOpshelf impairment and missed three-year ROIC target prevent a strong overall grade.","evidenceIds":["e10","e11","e12","e14","e15"]},{"criterion":"governance","grade":3,"rationale":"Actual independent committee membership, advance related-party review, annual director elections and equal voting rights support strong formal governance. Management reported effective disclosure controls. Derivative litigation raises unresolved allegations, not established misconduct; these disclosures do not prove exceptional oversight effectiveness.","evidenceIds":["e18","e19","e20","e21","e22","e23"]}]}],"qualityPolicy":"quality-scores-2","basisHash":"5c03c59a3af9a036864658fc5bd4e20e45b6421814a1765313f85c0c0da40494","updatedAt":"2026-10-18T00:22:06.874Z","sources":[{"id":"filing-1","url":"https://www.sec.gov/Archives/edgar/data/29534/000110465926032325/dg-20260130x10k.htm","publishedAt":"2026-03-20","sha256":"4eb3e502923b53f9daa5636901774ab0b5e76c3f3f8678a6daed1b447e742467","dateKind":"filed"},{"id":"filing-2","url":"https://www.sec.gov/Archives/edgar/data/29534/000110465926101932/dg-20260731x10q.htm","publishedAt":"2026-08-27","sha256":"2e1986d824d1d38847bf7eec7dd3516ed1a33e41bed76c41e317e02f010f1227","dateKind":"filed"},{"id":"filing-3","url":"https://www.sec.gov/Archives/edgar/data/29534/000110465926040394/tm261322-1_def14a.htm","publishedAt":"2026-04-07","sha256":"48f3b1400bd6011d139239f02c2cd11159a1b56dd27831dbf8706e8e8ab3421a","dateKind":"filed"}],"model":"gpt-6.1-sol","providerId":"codex:7c077615f00dfa23d6cdfd0c112d4ebc97b9368cdd71db849577e475d2efd2f3","usage":{"input_tokens":51401,"cached_input_tokens":20992,"cache_write_input_tokens":0,"output_tokens":3216,"reasoning_output_tokens":142},"basisSupplement":{"previousHash":"a02a504538d405d092a1f4ee0ac7f719c94a5700da414b64e83e7db85bfe92d9","checkedAt":"2026-10-18T16:49:32.080Z","rule":"dated historical and missing inputs only; accepted observations and research date retained"}},"signals":[{"period":"2022","end":"2022-01-28","values":{"gross_margin":31.598083356533397,"operating_margin":9.411550970590714,"roic":25.866529334293542,"fcf_margin":5.246427362773645,"sbc_revenue":0.2284540451237212},"issues":{"peg":"TTM earnings per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","pfcf_growth":"TTM FCF per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roic_wacc":"Enter a WACC assumption from 0 to 100%."}},{"period":"2023","end":"2023-02-03","values":{"gross_margin":31.233031547769112,"operating_margin":8.794593866015582,"roic":null,"fcf_margin":1.120292072400949,"sbc_revenue":0.19213175642887123},"issues":{"pfcf_growth":"TTM FCF per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","ev_sales":"Reported borrowing balances are unavailable in the extracted statements for this period.","ev_ebitda":"Reported borrowing balances are unavailable in the extracted statements for this period.","software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roic":"Reported borrowing balances are unavailable in the extracted statements for this period.","roiic":"Reported borrowing balances are unavailable in the extracted statements for this period.","roic_wacc":"Enter a WACC assumption from 0 to 100%.","debt":"Reported borrowing balances are unavailable in the extracted statements for this period.","net_debt":"Reported borrowing balances are unavailable in the extracted statements for this period.","debt_equity":"Reported borrowing balances are unavailable in the extracted statements for this period.","debt_assets":"Reported borrowing balances are unavailable in the extracted statements for this period.","net_debt_ebitda":"Reported borrowing balances are unavailable in the extracted statements for this period.","debt_fcf":"Reported borrowing balances are unavailable in the extracted statements for this period."}},{"period":"2024","end":"2024-02-02","values":{"gross_margin":30.28828291943093,"operating_margin":6.322559498624108,"roic":null,"fcf_margin":1.787405636193625,"sbc_revenue":0.13411435021996632},"issues":{"peg":"TTM earnings per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roic":"The reported inputs required for this metric are unavailable in the extracted statements for this period.","roiic":"The reported inputs required for this metric are unavailable in the extracted statements for this period.","roic_wacc":"Enter a WACC assumption from 0 to 100%.","buybacks":"The reported inputs required for this metric are unavailable in the extracted statements for this period."}},{"period":"2025","end":"2025-01-31","values":{"gross_margin":29.590775781568485,"operating_margin":4.22057766330345,"roic":10.332168535195915,"fcf_margin":4.151884202198013,"sbc_revenue":0.1446310315582163},"issues":{"peg":"TTM earnings per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roiic":"Invested capital did not increase versus the prior year. ROIIC requires a positive increase.","roic_wacc":"Enter a WACC assumption from 0 to 100%.","interest_coverage":"The reported inputs required for this metric are unavailable in the extracted statements for this period.","buybacks":"The reported inputs required for this metric are unavailable in the extracted statements for this period."}},{"period":"2026","end":"2026-01-30","values":{"gross_margin":30.660930299520633,"operating_margin":5.157871377807828,"roic":13.750439199834313,"fcf_margin":5.601810058329942,"sbc_revenue":0.21405348315384132},"issues":{"software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roiic":"Invested capital did not increase versus the prior year. ROIIC requires a positive increase.","roic_wacc":"Enter a WACC assumption from 0 to 100%.","interest_coverage":"The reported inputs required for this metric are unavailable in the extracted statements for this period.","buybacks":"The reported inputs required for this metric are unavailable in the extracted statements for this period."}}],"sources":[{"id":"filing-1","url":"https://www.sec.gov/Archives/edgar/data/29534/000110465926032325/dg-20260130x10k.htm","publishedAt":"2026-03-20","sha256":"4eb3e502923b53f9daa5636901774ab0b5e76c3f3f8678a6daed1b447e742467","dateKind":"filed"},{"id":"filing-2","url":"https://www.sec.gov/Archives/edgar/data/29534/000110465926101932/dg-20260731x10q.htm","publishedAt":"2026-08-27","sha256":"2e1986d824d1d38847bf7eec7dd3516ed1a33e41bed76c41e317e02f010f1227","dateKind":"filed"},{"id":"filing-3","url":"https://www.sec.gov/Archives/edgar/data/29534/000110465926040394/tm261322-1_def14a.htm","publishedAt":"2026-04-07","sha256":"48f3b1400bd6011d139239f02c2cd11159a1b56dd27831dbf8706e8e8ab3421a","dateKind":"filed"}],"history":[{"version":4,"updatedAt":"2026-10-18T16:49:32.080Z","verdict":"narrow","value":null},{"version":3,"updatedAt":"2026-10-18T16:35:43.872Z","verdict":"narrow","value":null},{"version":2,"updatedAt":"2026-10-18T02:27:49.793Z","verdict":"narrow","value":null},{"version":1,"updatedAt":"2026-10-18T02:18:02.026Z","verdict":null,"value":null}],"hasRequested":false,"requestStatus":"completed","researchIssue":null,"archivedMoat":null,"scope":"supported_catalog"}