2024-03-15 03:45:00 ET
Summary
- Dollar General (DG)’s stock had an interesting reaction to Thursday’s earnings. First it went up by ~6% in pre-market, but then ended the day 5% down.
- After two quarters of negative SSS growth, DG returned to positive SSS (+0.7%) in 4Q’23 which helped eke out +0.2% SSS growth for FY’23.
- It appears operating margin has bottomed for DG in 3Q’23 and it came back to close to ~6% in 4Q’23.
Dollar General's ( DG ) stock had an interesting reaction to Thursday’s earnings. First it went up by ~6% in pre-market, but then ended the day 5% down. Despite the somewhat bizarre stock price reaction throughout the day, I think the worst days are likely behind DG....
Read the full article on Seeking Alpha
For further details see:
Dollar General Q4 2023 Earnings Update