Group 1 - VINCI SA conducted share buybacks from April 21 to April 25, 2025, under the authorization from the General Meeting held on April 17, 2025 [2] - A total of 203,500 shares were purchased during this period, with an average price of €119.2894 per share [2] - The transactions were executed across multiple markets, including XPAR, CEUX, and TQEX, with varying daily volumes and average prices [2] Group 2 - Detailed transaction information is available on the VINCI website, complying with EU Regulation No 596/2014 regarding market abuse [3]

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Nanterre, 24 April 2025 QUARTERLY INFORMATION AT 31 MARCH 2025 Revenue up 4% to €16.3 billionSolid performance overall in the three Group’s businesses Concessions (up 8%): higher motorway traffic levels and airport passenger numbers Energy Solutions (up 6%): dynamic international momentum and good order intake in flow businessConstruction: stabilization of revenue at a high level, order intake at VINCI Construction up Record order book 2025 guidance unchanged Appointments of Xavier Huillard as Chairm ...

Core Viewpoint - The S&P 500 index has declined by 10% in 2025 due to erratic trade policies, recession fears, and high interest rates, creating opportunities for investors to find value in stocks like Dollar General and Vici Properties [1] Group 1: Dollar General - Dollar General's shares have increased by 23% year to date, significantly outperforming the market [2] - The company benefits from low exposure to tariffs, with only 10% of its merchandise affected, compared to 50% for Dollar Tree and nearly 100% for mainstream retailers [3] - The business model focuses on low-priced consumer essentials, which remain in demand during recessions [3] - Dollar General locates stores in rural and neglected urban areas, minimizing rent and labor costs, and offers a no-frills shopping experience [4] - The stock trades at a forward price-to-earnings (P/E) multiple of 17, below the S&P 500 average of 20, with a dividend yield of 2.5% [5] Group 2: Vici Properties - Vici Properties operates in the gambling industry but focuses on real estate, which provides a more stable investment opportunity [6] - The company utilizes triple-net leases, where tenants cover rent and other expenses, maximizing cash flow safety [7] - As a real estate investment trust (REIT), Vici returns a generous 5.3% dividend yield to shareholders [8] - Vici owns iconic properties on the Las Vegas Strip, including Caesars Palace and MGM Grand, and is diversifying into non-casino properties [9] - In 2024, Vici's revenue grew by 6.6% year over year to $976.1 million, with a 4.2% increase in dividend payout, marking the seventh consecutive annual increase since its IPO [10]

Group 1: Company Overview - Dollar General operates in the "dollar store" retail category, focusing on low price points for a variety of products, with over 80% of sales coming from consumer staples [2] - The company has more than 20,000 locations, allowing it to benefit from economies of scale in purchasing, which supports profit margins [4] Group 2: Market Position and Strategy - Dollar General targets underserved areas, with an average store population of around 20,000, providing convenience and low prices compared to larger retailers [3] - The company plans to expand its store footprint by approximately 2% in 2025, indicating ongoing growth opportunities despite recent weak financial results [4] Group 3: Economic Resilience - Dollar General's business model is expected to perform relatively well during economic downturns, making it more resilient compared to many other retailers [5] - The stock has outperformed the S&P 500 by over 30 percentage points, reflecting investor confidence amid economic uncertainty [1] Group 4: Competitive Landscape - Dollar General faces rising costs that have pressured earnings, but it is actively working to control these costs [6] - The recent sale of underperforming Family Dollar locations by Dollar Tree may reduce competition for Dollar General, potentially opening up growth opportunities [8] Group 5: Investment Potential - Given the stock's depressed price, there is potential for further appreciation, especially with modest improvements in business performance [9] - The shifts in the competitive landscape and the company's resilience make it an attractive option for long-term investors concerned about economic conditions [9]

Core Viewpoint - Target Corporation and Dollar General Corporation are leading players in the Retail–Discount Stores industry, with Target focusing on a combination of physical and digital presence, while Dollar General emphasizes value and accessibility for consumers [1][2]. Target Corporation - Target has a market capitalization of approximately $42.9 billion and operates 1,978 stores across the U.S., offering a diverse product range [1]. - The company aims to generate over $15 billion in revenue growth by fiscal 2030 through a strategy that includes opening more than 20 new stores and remodeling existing locations in fiscal 2025 [3][4]. - Target's investments in same-day delivery and digital services have led to a 25% growth in same-day services during the last quarter of fiscal 2024, with Target Circle membership increasing by 13 million in 2024 [4]. - The company plans to invest $4 billion to $5 billion in store remodels, supply-chain expansion, and digital transformation in fiscal 2025 [5]. - Target anticipates a challenging first quarter of fiscal 2025, expecting a year-over-year profit pressure and a slight decline in February net sales [6]. - The guidance for fiscal 2025 includes an expected net sales growth of approximately 1% and adjusted earnings per share (EPS) projected between $8.80 and $9.80, indicating limited upside from the previous year's $8.86 [7]. Dollar General Corporation - Dollar General has a market capitalization of around $21.3 billion and operates over 20,000 stores, focusing on everyday low prices and household essentials [2]. - The company is planning 4,885 real estate projects in fiscal 2025, including 575 new store openings in the U.S. and up to 15 outlets in Mexico, alongside 2,000 remodels and 2,250 upgrades under the "Project Elevate" initiative [9]. - Dollar General's "Project Elevate" has shown first-year comparable sales lifts of 3% to 5%, while "Project Renovate" aims for a 6% to 8% uplift [9]. - The retailer is expanding its digital capabilities, including a partnership with DoorDash for home delivery, currently live in around 400 stores, with plans to expand to 10,000 stores by the end of fiscal 2025 [10]. - Despite strategic initiatives, Dollar General expects a challenging first half of fiscal 2025 due to upfront costs and increased labor expenses, with anticipated EPS decline year-over-year during this period [11]. - Looking ahead, Dollar General targets annual net sales growth of 3.5%-4% starting in fiscal 2025, with same-store sales growth of 2%-3% from fiscal 2026 onward and projected adjusted EPS growth of at least 10% annually starting in 2026 [12]. Comparative Analysis - The Zacks Consensus Estimate for Target's current fiscal year sales implies a year-over-year growth of 0.9%, while Dollar General's sales suggest a growth of 3.7% [13]. - Year-to-date stock performance shows Target shares have declined by 30.3%, while Dollar General shares have increased by 27.7% [14]. - Target's forward price-to-earnings (P/E) ratio is 10.3, below its one-year median of 14.77, whereas Dollar General's forward P/E ratio stands at 17.02, higher than its median of 13.62 [17]. - Overall, Dollar General appears to have a slight edge over Target in terms of strategic momentum and stock performance, despite both companies facing challenges [18].

Dollar General (DG) closed at $96.79 in the latest trading session, marking a +1.23% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 2.51%. Elsewhere, the Dow gained 2.66%, while the tech-heavy Nasdaq added 2.71%.The the stock of discount retailer has risen by 14.97% in the past month, leading the Retail-Wholesale sector's loss of 6.97% and the S&P 500's loss of 8.86%.Market participants will be closely following the financial results of Dollar General in its upcoming ...

Dollar Tree, Inc. DLTR and Dollar General Corp. DG shares may be breaking out. This action suggests a continued move higher.This is why our technical analysis team has picked them as our Stocks of the Day.Stocks trend higher due to an imbalance in supply and demand. If there are more shares to be bought than for sale, buyers need to outbid each other. They know sellers will go to whoever wants to pay the highest price. This action forces the shares into an uptrend.At resistance levels, there are as many or ...

Disclosure of transactions in on shares from April 14th to April 18th, 2025 Within the framework of the authorization granted by the General Meeting of VINCI SA of April 09th 2024 and then April 17th 2025, to trade in its shares and in accordance with the regulations relating to share buybacks, VINCI SA (LEI:213800WFQ334R8UXUG83) declares the purchases of treasury shares below (FR0000125486), carried out from April 14th to April 18th, 2025: I - Aggregate presentation by day and by market Issuer’s name Dat ...

Valuation and Performance - Dollar General Corporation (DG) is currently trading at a forward 12-month price-to-earnings (P/E) ratio of 16.38, which is significantly lower than the industry average of 31.95, raising questions about whether the stock is undervalued or reflects underlying challenges [1] - The stock closed at $93.07, with an 11.9% increase over the past month, outperforming the industry's 5.6% rise, and is trading above its 50-day and 200-day moving averages, indicating a bullish trend [4] Growth Drivers - Despite margin pressures and a challenging consumer environment, Dollar General has gained market share through a resilient product mix, real estate expansion, and strategic initiatives aimed at delivering value [6] - The company has implemented a "back-to-basics" initiative, achieving a 6.9% inventory reduction per store and removing 1,000 SKUs, which has improved productivity [7] - Dollar General plans to execute 4,885 real estate projects in fiscal 2025, including 575 new store openings in the U.S. and up to 15 in Mexico, along with 2,000 remodels and 2,250 upgrades under the "Project Elevate" initiative, which has shown first-year comparable sales lifts of 3% to 5% [9] - The company is expanding its digital presence through a partnership with DoorDash, targeting home delivery to 10,000 locations by the end of fiscal 2025, with initial results showing higher average order values compared to in-store purchases [10] - Management aims to diversify its product mix, targeting a boost in non-consumable sales by at least 100 basis points by fiscal 2027 [11] Challenges and Outlook - Dollar General's core customer base is sensitive to inflation and economic pressures, with a reported 1.1% decline in traffic in the final quarter of fiscal 2024 [12] - Management anticipates selling, general, and administrative expenses to increase in 2025 due to retail wage inflation and elevated depreciation, with the first half of fiscal 2025 expected to be particularly pressured [13] - The company projects a year-over-year decline in EPS for the first half of fiscal 2025, with expected declines of 11.3% and 7.6% in the first and second quarters, respectively [14] - Analysts have revised down the Zacks Consensus Estimate for earnings per share, with current estimates at $5.55 and $6.14 for the current and next fiscal years, respectively [15] Long-Term Strategy - Management has outlined a roadmap targeting net sales growth of 3.5%-4% annually starting in fiscal 2025, with same-store sales growth targeted at 2%-3% from 2026 [17] - Operating margin expansion is expected to resume, potentially reaching 6%-7% by 2028, with EPS growth of at least 10% annually anticipated beginning in 2026 [17]