How To Earn $500 A Month From Dollar General After Sour Earnings Print
Portfolio Pulse from AJ Fabino
Dollar General Corp (NYSE:DG) shares fell over 13% following a disappointing Q2 earnings report. The company reported $9.80 billion in revenues, a 3.9% YoY growth, but missed the $9.92 billion consensus estimate. Earnings per share were $2.13, missing the $2.46 consensus estimates. Gross profit margins slipped 1.26% YoY to 31.1% and operating income was down 24.2% to $692.3 million. Despite this, the board declared a quarterly cash dividend of $0.59 per share.
August 31, 2023 | 6:23 pm
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Dollar General's disappointing Q2 earnings report led to a 13% drop in share price. However, the company declared a quarterly cash dividend of $0.59 per share.
Dollar General's Q2 earnings report was below expectations, leading to a significant drop in share price. This could negatively impact investor confidence in the short term. However, the declaration of a quarterly cash dividend could provide some reassurance to investors, potentially mitigating some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100