What's Wrong With Dollar General Stock?
Investors have gotten increasingly bullish on the U.S. economy in 2023. Inflation is coming down, manufacturing investment is booming, and people are spending gobs of money traveling domestically and internationally. This is a recipe for strong and durable economic growth.
The S 500 has recovered 16% this year on the back of these bullish economic indicators, but certain pockets of the economy have been a different story. Discount retailer Dollar General (NYSE: DG) is one of the few companies that seems to be struggling so far in 2023. It reported a weak fiscal first quarter, which sent its stock down 20%. Year to date, shares are underperforming the broad market by 47% in just a six-month time span.
Let's dig deeper and see what problems have plagued Dollar General recently and whether the company is set to get its business on track in the coming quarters.
Source Fool.com
