OLLI - Dollar General Ollie's Shares Fall: Analysts Positive On Results Investors Take Profits | Benzinga
Shares in bargain stores saw some selling on Thursday after Dollar General Corp.’s (NASDAQ:DG) results failed to impress the market.
The numbers weren’t bad. Third-quarter earnings were better than expected, although down year-on-year due to some “tough customer spending trends and ongoing business investment,” according to analysts at Telsey Group.
Dollar General maintained its full-year 2023 earnings outlook as sales increased over the quarter and the company reported positive traffic numbers.
Also Read: Why Variety Stores Chain Dollar General’s Shares Are Shooting Higher Today
Shares Come Under Attack
After climbing by more than 4% during pre-market trade, Dollar General shares went sharply into reverse after the open and, by ...