Where Will Dollar General Be in 3 Years?
By at least one measure, Dollar General (NYSE: DG) is the biggest retailer in the country. The discount chain has more stores under its banner than any other retailer in the U.S. with more than 20,000 stores. No other retailer comes close.
For a long time, Dollar General's strategy of blanketing rural parts of the country with discount stores and offering essential products and sundries at low prices in small pack sizes was a winning formula.
From its IPO in 2009 to its peak in 2022, the stock gained more than 1,000%. However, since that peak, Dollar General has struggled. Profits have fallen as the company has been hit by weak consumer spending due to inflation, and it's also struggled with intense competition from , which has grabbed market share through competitive prices and expanding its omnichannel and e-commerce business.
Source Fool.com
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