What happened to August's worst-performing stocks? Discover if these underperformers from the famous S&P 500 index are potential buys or value traps.The popular S&P 500 (^GSPC -2.12%) had a pretty decent month in August 2024. The economic news was more good than bad last month, lifting the index by 126 points (or 2.3%).But it wasn't a smooth ride. 52 of the S&P 500's 503 components gained more than 10% in August while 20% members saw price drops of 10% or more. Three of these household names took haircuts o ...

Dollar General Corporation (NYSE:DG) Q2 2024 Results Conference Call August 29, 2024 10:00 AM ET Company Participants Kevin Walker - Vice President of Investor Relations Todd Vasos - Chief Executive Officer Kelly Dilts - Chief Financial Officer Conference Call Participants Michael Lasser - UBS Simeon Gutman - Morgan Stanley Matthew Boss - JPMorgan Chase Rupesh Parikh - Oppenheimer Peter Keith - Piper Sandler Seth Sigman - Barclays John Heinbockel - Guggenheim Partners Corey Tarlowe - Jefferies Operator Good ...

For the quarter ended July 2024, Dollar General (DG) reported revenue of $10.21 billion, up 4.2% over the same period last year. EPS came in at $1.70, compared to $2.13 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $10.38 billion, representing a surprise of -1.61%. The company delivered an EPS surprise of -5.03%, with the consensus EPS estimate being $1.79.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street e ...

Dollar General (DG) came out with quarterly earnings of $1.70 per share, missing the Zacks Consensus Estimate of $1.79 per share. This compares to earnings of $2.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.03%. A quarter ago, it was expected that this discount retailer would post earnings of $1.57 per share when it actually produced earnings of $1.65, delivering a surprise of 5.10%.Over the last four quarters, the co ...

. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended August 2, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ________ to ________ Commission File Number: 001-11421 DOLLAR GENERAL CORPORATION (Exact name of Registrant as specified in its charter) TENNESSEE 61-050230 ...

Sales Performance - Net sales increased 4.2% to $10.2 billion in Q2 2024 compared to $9.8 billion in Q2 2023, driven by new store contributions and same-store sales growth [2]. - Same-store sales rose 0.5% in Q2 2024, attributed to increased customer traffic, despite a decrease in average transaction amounts [2]. - Net sales for the quarter ending August 2, 2024, were $10,210,361, an increase from $9,796,181 for the same period in 2023, representing a growth of approximately 4.22% [22]. - Consumables sales for the 26 weeks ended August 2, 2024, reached $16,608,067, up 7.1% from $15,504,504 in the previous year [27]. Profitability - Operating profit decreased 20.6% to $550.0 million in Q2 2024 from $692.3 million in Q2 2023 [4]. - Net income for Q2 2024 was $374.2 million, a decrease of 20.2% compared to $468.8 million in Q2 2023, with diluted EPS falling to $1.70 from $2.13 [5]. - Gross profit as a percentage of net sales was 30.0% in Q2 2024, down from 31.1% in Q2 2023, reflecting increased markdowns and inventory damages [3]. - Operating profit decreased to $549,962, representing 5.39% of net sales, down from $692,314 or 7.07% in the prior year [22]. - Net income for the quarter was $374,190, a decline from $468,835 in the same quarter last year, resulting in a net income margin of 3.66% compared to 4.79% [22]. - Net income for the 26 weeks ended August 2, 2024, was $737,507, down from $983,215 for the same period last year, representing a decrease of approximately 25% [25]. Expenses - SG&A expenses as a percentage of net sales increased to 24.6% in Q2 2024 from 24.0% in Q2 2023, driven by higher retail labor and occupancy costs [3]. - Interest expense decreased to $68,130 from $84,337, reflecting a decline of about 19.23% year-over-year [22]. - Cash paid for interest decreased to $167,463 from $177,063 year-over-year, indicating a reduction in interest expenses [25]. Guidance and Expectations - The company expects net sales growth for fiscal year 2024 to be in the range of 4.7% to 5.3%, down from a previous expectation of 6.0% to 6.7% [10]. - Diluted EPS guidance for fiscal year 2024 is now projected to be between $5.50 and $6.20, reduced from the previous range of $6.80 to $7.55 [11]. Capital Expenditures and Store Growth - Capital expenditures for fiscal year 2024 are expected to be between $1.3 billion and $1.4 billion, with plans for 730 new store openings and 1,620 remodels [11]. - The company opened 410 new stores during the 26 weeks ended August 2, 2024, bringing the total store count to 20,345, an increase of 857 stores year-over-year [28]. - Total selling square footage increased to 154,478,000 square feet, reflecting a growth rate of 5.5% compared to the previous year [28]. Balance Sheet and Liquidity - Total assets as of August 2, 2024, were $31,813,765, an increase from $30,395,557 year-over-year [20]. - Current liabilities increased to $7,141,187 from $6,033,922 in the previous year, reflecting a rise of approximately 18.43% [20]. - Shareholders' equity rose to $7,260,238, up from $6,297,705, indicating a growth of about 15.29% [20]. - Cash and cash equivalents at the end of the period increased to $1,222,691 from $353,018, showing a substantial improvement in liquidity [25]. Dividends - The company declared a quarterly cash dividend of $0.59 per share, payable on or before October 22, 2024 [9]. Inventory and Sales Trends - Merchandise inventories decreased to $7,000,569 from $7,531,459, a reduction of approximately 7.06% [20]. - The company reported a decrease in home products sales by 8.5% to $959,014 for the 26 weeks ended August 2, 2024, compared to $1,047,834 in the previous year [27].

Dollar General Corporation (DG) is likely to register an increase in the top line when it reports second-quarter fiscal 2024 results on Aug 29 before the opening bell. The Zacks Consensus Estimate suggests that the company will achieve revenues of $10.39 billion, marking a 6% increase compared to the same quarter last year. This anticipated growth implies the discount retailer’s continued efforts to attract budget-conscious consumers.Despite the expected rise in revenues, Dollar General's bottom line is lik ...

Analysts on Wall Street project that Dollar General (DG) will announce quarterly earnings of $1.80 per share in its forthcoming report, representing a decline of 15.5% year over year. Revenues are projected to reach $10.39 billion, increasing 6% from the same quarter last year.The consensus EPS estimate for the quarter has been revised 0.7% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this tim ...

Wall Street expects a year-over-year decline in earnings on higher revenues when Dollar General (DG) reports results for the quarter ended July 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 29. On ...

While the broader indexes have rallied to new heights this year, propelled largely by the momentum in tech stocks, many companies have seen their valuations plummet as macroeconomic conditions have deteriorated. It’s been a tale of two markets, with the haves soaring and the have-nots languishing in the doldrums.However, I believe we’re on the cusp of a new chapter in the market’s story. As the economic cycle shifts gears, certain undervalued stocks that have been beaten down are starting to show signs of l ...