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INX:DG, Mar 18, 04:55 UTC

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Not the Best Day for Dollar General, Tailored Brands

DG

In this Market Foolery podcast, host Chris Hill and MFAM Funds' Bill Barker discuss the very different reasons both stocks ended the day lower, the companies' outlooks and strategies, and more. They also weigh in on reverse stock splits, talk a bit about the Motley Fool 100 Index, and offer their thoughts on pie. I agree, it was pretty a pretty good report, actually. For a stock that's up as much as it's been in the last year, 10% sounds big today, but if you go back in time and buy this thing a year ago, you'd still do good. It's hard for me to imagine things are dramatically better for this business a year from now unless they take some pretty significant steps on the cost side of things. Unless they decide "OK, we're going to start closing a lot of locations. We're going to be a smaller company, but we're going to be a better-performing company as a result of that."

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Friday, March 15


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Dollar General Corp (INX:DG) social chatter is higher than usual

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Dollar General to open 975 stores, remodel 1,000, this year |Chain Store Age https://t.co/KvpdxQynL1

Thursday, March 14


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Dollar General Corporation (DG) Q4 2018 Earnings Conference Call Transcript

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Let me caution you that today's comments will include forward-looking statements about our expectations, plans, future estimates and other non-historical matters, including but not limited to our fiscal 2019 financial guidance and real estate plans, our long-term performance goals, our planned investments, strategies, initiatives and capital allocation strategy and related expectations, and economic trends or future conditions. Forward-looking statements can be identified because they are not statements of historical facts or use words such as may, should, could, would, will, believe, anticipate, contemplate, expect, assume, intent, outlook, estimate, guidance, plan, opportunity, focused on, long-term, confident, potential or goal, and similar expressions that concern our strategy, plans, intentions or beliefs about future matters. Syndicated data shows that we had mid-to-high single-digit growth in both units and dollars over the 4-week, 12-week, 24-week and 52-week periods, ending January 26, 2019. For full-year comp sales, we posted a 3.2% growth rate for fiscal 2018, marking our 29th consecutive year of same-store sales growth. Based upon our analysis of EBT sales, we estimated this created an approximate 70 basis point benefit for same-store sales. As we head into 2019, we believe we have compelling opportunities to gain more market share, drive profitable traffic to our conveniently located stores and deliver more of the products our customer seeks at the value she needs. Gross margin in the fourth quarter was also negatively impacted by lower initial markups on inventory purchases, an increase in the LIFO provision, a greater proportion of sales coming from the consumables category, which generally has a lower gross profit rate than our other product categories, and the sales of lower margin products comprising a higher proportion of sales within the consumables category; partially offsetting these items was lower inventory shrink.

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Why Dollar General, Cloudera, and Smart & Final Stores Slumped Today

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By most readings, the U.S. economy continues to do well, but a delay in trade talks between leaders of the U.S. and China spurred more nervousness about whether tariffs could hold back economic growth globally. Some bad earnings results also weighed on investor sentiment. Dollar General (NYSE: DG), Cloudera (NYSE: CLDR), and Smart & Final Stores (NYSE: SFS) were among the worst performers. Dollar General's performance was reasonably good, including a rise in net revenue of 8.5% on a 4% gain in same-store sales during the period. The company continued to post strong growth, with sales climbing 37% from the year-ago quarter on a 42% rise in subscription-based revenue. However, losses widened dramatically during the period, and even though the guidance that Cloudera gave investors included calls for a whopping 76% growth rate for overall revenue during the coming fiscal year, continued losses left investors wanting more.

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Facebook, Dollar General slump while MongoDB rallies

DG GOOGL +2 more DG GOOGL GOOG FB

NEW YORK (AP) -- Stocks that moved substantially or traded heavily on Thursday:. The company's data-sharing practices are under criminal investigation, according to media reports. The owner of Men's Wearhouse gave investors a surprisingly weak first-quarter profit forecast after reporting mixed fourth-quarter results. The discount store operator's fourth-quarter profit fell short of forecasts and it gave a weak forecast.

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Dollar General Issues a Muted Outlook for 2019

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Dollar General Issues a Muted Outlook for 2019. Asit Sharma, The Motley FoolMotley FoolMarch 14, 2019, 5:07 PM GMT. It took a full three months for shares of dollar-store titan Dollar General(NYSE: DG) to clamber back to previous levels following a dive upon release of the company's fiscal third-quarter 2018 earnings report in early December. In the trading session following issuance of fourth-quarter earnings on Thursday, shares plunged as much as 10%, retracing to December levels, courtesy of another disappointing quarter and a lukewarm earnings outlook for 2019. Higher markdowns, lower initial markups on purchased inventory, a greater proportion of sales in the lower-margin consumables category, and an increase in the company's last-in, first-out (LIFO) inventory provision were all among factors cited by Dollar General for its nearly one percentage point decrease in gross margin to 31.2%.

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Why Dollar General Stock Was Sliding Today

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Shares of Dollar General (NYSE: DG) were heading lower today after the discount retailer turned in weaker-than-expected earnings and offered a disappointing outlook for 2019. As a result, the stock was down 8.9% as of 10:54 a.m. EDT. So what. Top-line growth was solid in the quarter as comparable sales increased 4% and overall revenue was up 8.5% to $6.65 billion, which topped estimates at $6.61 billion. Image source: Dollar General. However, costs also rose faster than expected as gross margin fell from 32.1% to 31.2% due to higher markdowns and a change in sales mix that favored the lower-margin consumables category. Looking ahead to 2019, Vasos said the company would focus on two transformational initiatives, DG Fresh, which enables the company to self-distribute fresh and frozen foods, and DG Fast Track, which is designed to enhance productivity and customer convenience. However, those initiatives will take a toll on profits; the company forecast earnings per share for the year at $6.30 to $6.50, up from $5.97 last year but worse than analyst estimates at $6.65.

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Social Chatter

Dollar General Corp (INX:DG) social chatter is higher than usual

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Higher store spending to hit Dollar General 2019 profit, shares fall | Reuters https://t.co/KWXN8FGYpy Reuters - vi… https://t.co/4Bg0d1x3xa
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Dollar General (DG) Stock Down on Q4 Earnings Miss, Soft View - March 14, 2019

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Also, this Goodlettsville, TN-based company provided soft earnings view for fiscal 2019.Management now envisions fiscal 2019 earnings in the band of $6.30-$6.50 per share, which is below the current Zacks Consensus Estimate of $6.66. However, the company’s projection is above fiscal 2018 reported earnings of $5.97 per share.The company’s top line came ahead of the consensus mark. Home Products sales rose 10.4% to $434.4 million, while Apparel category sales grew 1.5% to $290.5 million.Gross profit advanced 5.4% to $2,071.7 million, however, gross margin contracted 91 basis points (bps) to 31.2% owing to sales of products carrying lower margin, increased markdowns and lower initial markups on inventory purchases. During fiscal 2019, the company plans to open about 975 new stores, remodel 1,000 stores and relocate 100 stores.Other Financial DetailsDollar General ended the quarter with cash and cash equivalents of $235.5 million, long-term obligations of $2,862.7 million and shareholders’ equity of $6,417.4 million. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Target (TGT - Free Report) has a long-term earnings growth rate of 6.3% and a Zacks Rank #2.Walmart (WMT - Free Report) delivered an average positive earnings surprise of 5.1% in the trailing four quarters and carries a Zacks Rank #2.Today's Best Stocks from ZacksWould you like to see the updated picks from our best market-beating strategies?

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Dollar General falters, GE’s forecast disappoints, Apple may expand streaming service

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Dollar General falters, GE’s forecast disappoints, Apple may expand streaming service. Dollar General, GE, Apple, Snap and Johnson & Johnson are the companies to watch. What to read next.

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