Dollar General down as Citi downgrades stock on tough competitive positioning [Yahoo! Finance]
Dollar General Corporation (DG)
Last dollar general corporation earnings: 3/12 06:55 am
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Source: Yahoo! Finance
The move comes amid Citi's concerns after DG's challenging fiscal years 2023 and 2024, with comparable sales (comps) only slightly positive each year. Analysts also highlight the estimated fiscal year 2024 EBIT margin of 4.7%, a significant decline from the 8.4% margin in fiscal year 2019, despite a roughly 50% larger sales base. Shares in Dollar General fell more than 2% in premarket trading. According to Citi, the competitive landscape for Dollar General has also shifted unfavorably over the past five years, particularly with Walmart (NYSE: NYSE:WMT) strengthening its market position. “DG is known for value. So is WMT, and WMT is tough to beat on price. DG is known for convenience. And increasingly since the pandemic, so is WMT, as the way consumers think about convenience is changing and WMT has upped its game with omnichannel delivery options,” analysts wrote. “We believe WMT's market share gains will continue to pressure DG, making a recovery very tough,” they added. L
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News
- Dollar General, Wynn Resorts, Bumble: 3 stocks in focus [Yahoo! Finance Canada]Yahoo! Finance Canada
- Dollar General, Wynn Resorts, Bumble: 3 stocks in focus [Yahoo! Finance]Yahoo! Finance
- The Schall Law Firm Urges Stockholders To Join A Securities Fraud Inquiry Into Dollar General Corporation Accesswire
- Dollar General Co. (NYSE: DG) was downgraded by analysts at Citigroup Inc. from a "neutral" rating to a "sell" rating. They now have a $73.00 price target on the stock, down previously from $91.00.MarketBeat
- Dollar General Corporation Is Being Investigated For Violating Securities Laws And Affected Investors Are Invited To Contact The Schall Law FirmAccesswire
DG
Earnings
- 8/29/24 - Miss
DG
Sec Filings
- 9/19/24 - Form 4
- 9/18/24 - Form 144
- 9/13/24 - Form 4
- DG's page on the SEC website