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Dollar General (DG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
GOODLETTSVILLE, Tenn.--(BUSINESS WIRE)--Dollar General Corporation (NYSE: DG) today announced that it plans to release its financial results for the fiscal 2024 first quarter ended May 3, 2024, on May 30, 2024. In connection with the release, Todd Vasos, chief executive officer, and Kelly Dilts, chief financial officer, will host a conference call on May 30, 2024, at 9:00 a.m. CT/10:00 a.m. ET. During the call, the company will discuss the earnings results and may discuss material business, fin.
The market has been getting bumpier in recent weeks. Investors have grown more worried as the intermediate-term outlook for stocks has become cloudier.
At the beginning of 2024, retail stocks has a bright outlook. Consumer spending was holding up, the rate of inflation was easing, and there were expectations of an interest-rate cut.
Dividend stocks are your best friend if you're looking to compound your money safely without worrying about the massive downside risk that often comes with buying into high-flying tech or growth stocks. However, not all dividend payers are boring old companies with no potential for capital appreciation.
Dollar Tree could be the biggest beneficiary as 99 Cents Only Stores closes about 400 locations, Jefferies says.
A soft fourth quarter doesn't affect the longer term story for Dollar General. The company is expanding its store base, its product lineup, and stands to benefit from a struggling competitor.
If you're looking for undervalued stocks, you don't have to look far, despite the rally. The past year or so has been a wild rollercoaster ride for investors.
Sales have been languishing. Dollar General's margin has contracted.
Despite Dollar General YTD outperformance (+8% versus +7% for the S&P 500), a gradual recovery closer to historical margins over the long term could still yield +20% upside potential. The market seems to be overemphasizing short-term headwinds and failing to properly price in Dollar General's potential. At current prices, Dollar General is priced at historical CPI growth on margins below the historical average in the long term. Terminal growth also falls short of historical same-store sales.