Key TakeawaysThe S&P 500 was little changed on Thursday, Aug. 29, following an upward revision to second-quarter economic growth figures.Best Buy shares soared as strength in tablets and computers helped the electronics retailer top sales and profit forecasts.Shares of Dollar General plummeted after the discount retailer's sales and profits fell short of estimates. Major U.S. equities indexes were mixed after a report showed that the U.S. gross domestic product (GDP) grew more than previously thought in the ...

The financial results for four major retailers — Kohl’s, Burlington Stores, Dollar General and Five Below — in the second quarter of 2024 highlighted a range of performances and strategic responses. From growth and resilience to challenges and adjustments, their fiscal performances provide insights into how they are navigating the evolving retail environment. Kohl’s Repositions to Stop Sales DropKohl’s endured a challenging second quarter as its net sales decreased 4.2% and comparable sales sank 5.1%. Tom K ...

jetcityimage Dollar General Corporation (NYSE:DG) is the largest discount retailer in the U.S. with 20,022 stores in total. The company released its weak Q2 result on August 29th, lowering the full year financial guidance. The stock price plummeted by nearly 30%. The weak consumer demand, particularly among low-income households, may continue to pressure Dollar General’s growth. However, after the stock’s sharp decline, I think the stock price has returned to a more realistic level. I am initiating Doll ...

BEIJING, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Cheer Holding, Inc. (NASDAQ: CHR) (“Cheer” or the “Company”),  a leading provider of advanced mobile internet infrastructure and platform services, today announced the results of its 2024 Annual General Meeting, which was held on August 28, 2024, in Beijing, China. At the 2024 Annual General Meeting, the Company’s shareholders: (1)   re-elected Messrs. Yong Li and Bing Zhang as Class II directors of the Company to serve until the 2027 Annual General Meeting of the ...

Profits have plunged, exasperating investors.Shares of retail chain Dollar General (DG -29.73%) plummeted on Thursday after the company reported financial results for the second quarter of 2024. As of this writing, Dollar General stock was down a hefty 30% and trading below $87 -- it hasn't been this low since late 2017.How bad is it?Investors are likely reacting to Dollar General's lower full-year financial guidance. Management had expected to grow net sales by 6% to 6.7% in 2024 but now it believes it wil ...

jetcityimage I first wrote my Deep Dive on Dollar General (NYSE:DG) back in August 2023. While I wasn't initially excited about owning a piece of the company despite the stock being down 40% from peak then, I changed my mind when the stock went down another ~25% following 2Q'23 earnings. After today's dismal earnings, the stock went down almost another 30% since 2Q'23 earnings. If you're counting, the stock is now down ~67% from its peak in October 2022. From listening to today's call, I think it is lik ...

U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining 1% on Thursday.The Dow traded up 1.02% to 41,508.88 while the NASDAQ rose 0.34% to 17,616.32. The S&P 500 also rose, gaining, 0.50% to 5,620.08.Check This Out: Top 3 Tech Stocks You’ll Regret Missing This MonthLeading and Lagging SectorsEnergy shares climbed by 1.5% on Thursday.In trading on Thursday, real estate shares fell by 0.5%.Top HeadlineDollar General Corporation DG reported worse-than-expected second-quarter resul ...

文章核心观点 - 美国折扣零售商Dollar General的股价大跌29%,跌至6年多来的最低水平,因其下调了年度销售和利润预测 [1] - 这是由于面临来自沃尔玛、Target等大型零售商的激烈竞争,以及中国电商平台Temu的迅速崛起 [1][2] - Dollar General的核心客户群体是年收入低于3.5万美元的家庭,占其总销售额的60% [2] - 公司表示中低收入家庭的消费压力更大,而中高收入家庭也在寻求性价比 [2] 公司业绩和预测 - Dollar General预计2024财年同店销售增长1%至1.6%,低于此前2%至2.7%的预测 [2][4] - 预计2024财年每股收益为5.5美元至6.2美元,低于此前6.8美元至7.55美元的预测 [2] - 第二季度毛利率下降至30%,低于去年同期的31.1%,受到折扣力度加大、库存损坏和零售缩水的影响 [4] - 公司表示全年将加大促销力度,这将进一步压缩销售和利润率 [4] - 第二季度销售额为102.1亿美元,低于分析师预期的103.7亿美元 [4] - 每股收益1.7美元,低于预期的1.79美元 [4] 行业竞争格局 - 折扣零售商正面临宏观经济环境的挑战,需要通过降价和加大促销来吸引客流 [3] - Dollar General的竞争对手Dollar Tree的股价也下跌约9% [3]

jetcityimage Introduction It's time to talk about Dollar General Corporation (NYSE:DG). The discount retailer just released its 2Q24 earnings, causing its stock price to drop to a new multi-year low. While I am writing this, the company has lost roughly 30% of its market cap as it made crystal clear it was not satisfied with its financial numbers. Not only is this bad news for the company, but it also tells us a lot about the consumer. Data by YCharts On top of that, assessing Dollar General is important fo ...

Shares of Dollar General Corporation (DG) fell during the pre-market trading session after the company reported lower-than-expected second-quarter results and revised its fiscal 2024 guidance downward due to sluggish sales trends. The same-store sales growth rate also decelerated compared to the preceding quarter.The quarterly earnings of $1.70 per share missed the Zacks Consensus Estimate of $1.79 per share and declined 20.2% from the prior-year period.Net sales of $10,210.4 million fell short of the Zacks ...