Dollar General: Stock Price Falling Back To Reality; Initiate With Buy Rating
GMGM(GM) Seeking Alpha·2024-08-30 05:12
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 ...