Dollar General Stock News

Shares of the $20 billion low-cost U.S. retailer fell 25% on Thursday after it cut its sales forecasts and reported second quarter earnings that didn't meet expectations. The company is seeing some scary signs in its shoppers, who are among America's least well-off. Sales rose to $10 billion in the second quarter, 4% more than the same quarter last year.

Shares of Dollar General (NYSE: DG) plummeted 30% Thursday after the discount retailer announced lower than expected earnings and cut its sales outlook for the full year, saying its customers were cash strapped.

Dollar General NYSE: DG is a leading discount retailer serving millions of value-conscious shoppers across the United States. Dollar General's stock price has been struggling with headwinds since the beginning of the second quarter, and the company has seen its stock price plummet by over 35% year-to-date.

Major U.S. equities indexes were mixed after a report showed that the U.S. gross domestic product (GDP) grew more than previously thought in the second quarter.

Dollar General Corporation's stock price dropped over 30% after weak results and lowered guidance, but I see it as a buying opportunity with a $100 target. Weak consumer demand, especially among low-income households, and high-interest rates are pressuring Dollar General's growth, but initiatives like supply chain optimization are promising. Despite poor results, I project 6.3% revenue growth i...

Dollar General's latest earnings report shows how the low income American consumer is struggling because of inflation. More stores don't necessarily mean more sales for DG.

Dollar General's outlook for 2024 keeps getting worse, which is why investors are unhappy. Management is struggling to stimulate sales from its lower-income customer base and it's struggling with inventory management as well.

After today's earnings, Dollar General went down almost another 30% since 2Q'23 earnings. After a more encouraging SSS of +2.4% 1Q'24, SSS decelerated to just +0.5% in 2Q'24. I do not plan to add further capital to DG; I will, however, stay invested as I think the stock can still prove to be a potential hedge if the softness in low-end consumers ends up spreading to the middle class in the comi...