DG - Why Dollar General Stock Is Plunging Today | Benzinga
Dollar General Corp (NYSE: DG) reported second-quarter FY23 sales growth of 3.9% year-on-year to $9.80 billion, missing the analyst consensus of $9.92 billion.
Same-store sales decreased 0.1% versus last year, driven by a decline in customer traffic, partially offset by an increase in average transaction amount.
The gross profit margin for the quarter decreased 126 basis points Y/Y to 31.1%. The operating margin compressed from 9.69% to 7.07%, and operating income for the quarter declined 24.2% to $692.3 million.
The company held $353.01 million ...