The Latest Breaking News from Dollar General Corp

As high inflation forces the average consumer to prioritize necessities over wants, many shoppers are cutting back on discretionary spending. This can be attributed to the decrease in purchasing power due to higher consumer staples and energy bills, although people are purchasing fewer goods.

Although Dollar General Corp’s (NYSE: DG) stock has outperformed the market year-to-date, it has performed in-line with other defensive stocks, according to Morgan Stanley.

Dollar General Corp (NYSE:DG) reported first-quarter FY22 sales growth of 4.2% year-on-year to $8.75 billion, beating the consensus of $8.70 billion. The net sales increase was primarily driven by positive sales contributions from new stores, partially offset by the slight decline in same-store sales and the impact of store closures. Same-store sales decreased…

Dollar General Corp (NYSE:DG) reported fourth-quarter FY21 sales growth of 2.8% year-on-year, to $8.65 billion, marginally missing the consensus of $8.70 billion. Same-store sales decreased 1.4% versus last year. Same-store sales increased 11.3% on a two-year stack basis. The net sales increase was primarily driven by positive sales contributions from new stores, partially…