Why Dollar General Stock Is Plunging Today
Portfolio Pulse from Shivani Kumaresan
Dollar General Corp (NYSE:DG) reported Q2 FY23 sales growth of 3.9% to $9.80 billion, missing the analyst consensus of $9.92 billion. Same-store sales decreased 0.1% versus last year, and the gross profit margin for the quarter decreased to 31.1%. The company lowered its FY23 net sales growth outlook from 3.5%-5% to 1.3% - 3.3% and EPS guidance from $9.83 - $10.68 to $7.10 - $8.30. DG shares are trading lower by 16.9% at $131.00 in premarket.

August 31, 2023 | 11:43 am
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Dollar General's Q2 FY23 sales growth missed expectations and the company lowered its FY23 outlook, leading to a drop in its stock price.
Dollar General's Q2 FY23 sales growth was lower than expected and the company lowered its FY23 net sales growth and EPS guidance. This negative news is likely to have a negative impact on the company's stock price in the short term.
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