Abstract: A point of purchase gravity feed packaged product dispenser with replaceable graphic advertising display panels on the front and sides includes a housing holding packaged products stacked vertically with a bottom front dispensing opening, guide members that pivot inwardly at adjustable chosen angles from the rear and side walls to guide and adjust to the size of the product package, and guide members that pivot upwardly at adjustable chosen angles from the floor to guide and adjust the height of the dispensing opening. The housing of the dispenser is a parallelepiped molded of a polyolefin in two parts, one part the side walls, a back wall and a bottom wall connected by living hinges and interlocking to a front wall forming opposing grooves along each front vertical edge to receive graphic panels.