Is Dollar General Stock a Buy Now?
Dollar General (NYSE: DG) stock was trading lower recently after 's latest earnings report. Walmart reported seeing variability in consumer shopping patterns, which could be a warning sign for retailers heading into the all-important holiday quarter.
With Dollar General shares already trading down 52% year to date, investors are wondering if the stock can bounce back. Dollar General might be headed for a weak earnings report on Dec. 7, but there are reasons to believe the stock is oversold.
Retailers are having a difficult time dealing with weak consumer spending trends amid inflation and higher interest rates that are forcing shoppers to cut back. After reporting positive same-store sales in the fiscal first quarter, Dollar General surprised the market with a decline of 0.1% in same-store sales in fiscal Q2. The declining sales trend isn't good news for the stock.
Source Fool.com
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