A dispenser for storing and dispensing rolled sheet material is provided. The dispenser has a housing which holds at least one roll of sheet material therein. The housing has a portion of an outer surface which is positioned against a support surface. The housing also has an opening defined by a perimeter configured to provide two hub positions. The dispenser also has a hub configured to receive at least one roll of sheet material. The hub has a first end and a second end. The first end is positioned to extend through at least a portion of one hub position. The hub has a flange which is positioned radially around at least a portion of the hub near the second end. The flange has a perimeter which is larger than the perimeter of the hub positions, and is supported against the outer surface of the housing. The hub is configured to be positioned to hold one of a jumbo roll, a mid-sized roll, and a stub roll.