Dollar General Corporation (DG) has made an impressive comeback, rising about 28.5% over the past three months. For investors who stayed invested during the retailer’s difficult stretch, this recent rally may feel like long-overdue validation. But with the sharp rebound in the stock, many are now asking a critical question — is it time to lock in gains, hold their position or invest more?Closing yesterday’s trading session at $92.02, Dollar General has outpaced the industry, which has fallen 4.4%, and the b ...

On April 2, the Trump administration roiled financial markets by introducing wide-ranging tariffs on most of America's trading partners. In addition to a baseline 10% tariff on all imports, the government is expected to start collecting levies of up to 49% on some countries in a move that could dramatically hurt global trade and economic growth.Stocks are in a freefall, with the S&P 500 down around 15% year to date. However, within the turmoil, some companies are holding up better than others and may make g ...

Investment Rating - The industry investment rating is maintained as "Positive" [5] Core Insights - The report indicates that major US consumer companies are cautious about future fiscal year expectations, primarily due to tariff pressures and consumer downgrading trends in the US market. However, companies like Walmart and Lululemon express a more optimistic outlook for the Chinese market [3][23] - Recommendations include buying leading sportswear brand Anta Sports (02020), and considering Li Ning (02331), Xtep International (01368), and Tabo (06110) for buying or holding. Additionally, long-term prospects are favorable for resilient leading manufacturers such as Shenzhou International (02313), Weixing Co., Ltd. (002003), and Huali Group (300979) [3][23] Summary by Sections US Consumer Giants Performance - Walmart's FY26 revenue growth guidance is 3-4%, with a same-store sales increase of 23.1% in FY25Q4, driven by strong e-commerce and new store openings [10][13] - Target expects FY25 revenue growth of about 1%, with same-store sales remaining flat, facing pressure from tariffs and operational costs [14][15] - Dollar General anticipates FY25 revenue growth of 3.4-4.4%, with core consumers facing economic challenges and a notable trend of consumer downgrading [17][18] - Nike projects a mid-double-digit revenue decline for FY25Q4, with significant inventory issues and a 15% revenue drop in the Greater China region [19][20] - Lululemon expects FY25 revenue growth of 5-7%, with a strong growth forecast of 25-30% in the Greater China region [21][22] Investment Recommendations - The report suggests a cautious approach towards US consumer giants due to tariff pressures and consumer behavior changes, while highlighting positive growth prospects in China for certain brands [3][23]

Core Insights - VINCI, through its subsidiary Cobra IS, has signed the first public-private partnership (PPP) contract for electricity transmission in Australia with the New South Wales (NSW) Government [1][2] Group 1: Project Overview - The 35-year PPP involves financing, design, construction, operation, and maintenance of 240 km of 330 kV and 500 kV transmission lines, along with eight substations and infrastructure connecting to renewable energy plants [2][7] - The project aims to deliver 4.5 GW of new network capacity by 2028, sufficient to power 2 million homes [2] Group 2: Economic and Employment Impact - This initiative is part of the first Renewable Energy Zones (REZ) designated by the NSW government to replace coal-fired power plants, expected to create around 5,000 jobs during peak construction [3] - The project is anticipated to attract up to AUS$20 billion in private investment into the region by 2030 [3] Group 3: Company Expertise - Cobra IS has established expertise in electricity transmission, particularly in Brazil, and is now applying this knowledge in the Australian market [4]

Core Viewpoint - Dollar General's stock experienced an 18.5% increase in March, contrasting with a 5.6% decline in the S&P 500 Index, indicating a potential shift in investor sentiment towards recession-resistant stocks [1][6]. Financial Performance - In the fiscal fourth quarter, Dollar General reported a revenue growth of 4.5% to $10.3 billion, surpassing expectations, with same-store sales rising 1.2%, exceeding the anticipated 0.93% [3]. - Earnings per share (EPS) fell over 52.5% primarily due to one-time charges related to closing underperforming stores; adjusted EPS would have been 9.2% lower but still aligned with margin compression trends [4]. - Management provided a conservative full-year EPS outlook of $5.10 to $5.80, below analysts' expectations of $5.94 [5]. Market Dynamics - The stock's rise may be attributed to its perceived recession resistance, as low-income consumers tend to purchase essentials from discount retailers during economic downturns [6]. - With the risk of recession increasing, investors may have rotated into Dollar General, which was approximately 70% below its all-time highs, suggesting potential relative outperformance in a recession scenario [7]. Investment Considerations - Despite being viewed as recession-resistant, Dollar General's stock is not without risks, as evidenced by its significant decline from previous highs and challenges posed by inflation and theft affecting low-income customers [8]. - The company's margins remain under pressure, and the current economic environment raises questions about the sustainability of its performance, positioning it as a turnaround story rather than a guaranteed safe investment [9].

Nanterre, 1 April 2025 VINCI is a global player in concessions, energy and construction, employing 285,000 people in more than 120 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, above and beyond economic and financial results, we are committed to operating in an environmentally and socially responsible manner. And because our projects are in the public interest, we consider that re ...

This disclosure is on VINCI web site www.vinci.com (section: Finance/Investors/Regulatory information/7. Monthly information concerning the total number of voting rights and shares that make up the company's capital) Attachment French public limited company (société anonyme) with a share capital of €1,456,035,992.50 Registered office : 1973, boulevard de la Défense 92000 Nanterre – France 552 037 806 RCS Nanterre www.vinci.com DISCLOSURE OF THE NUMBER OF SHARES FORMING THE CAPITAL AND OF THE TOTAL NUMBER OF ...

Nanterre, March 31, 2025 Disclosure of transactions in on shares from March 24 to March 28, 2025 I - Aggregate presentation by day and by market | Issuer's | Date of | Identifying code of | Aggregated daily volume (in | Daily weighted average price of the | Market | | --- | --- | --- | --- | --- | --- | | | | | | | (MIC | | name | transaction | financial | number of | purchased shares in | code) | | | | instrument | shares) | Euro | | | VINCI | 2025-03-24 | FR0000125486 | 21 358 | 118,626639 | XPAR | | VINC ...

About VINCI VINCI is a world leader in concessions, energy services and construction, employing 285,000 people in more than 120 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, above and beyond economic and financial results, we are committed to operating in an environmentally and socially responsible manner. And because our projects are in the public interest, we consider that reach ...

Core Viewpoint - Dollar General is experiencing significant challenges as its core customers, primarily low-income shoppers, are facing financial constraints exacerbated by inflation [2][3][4] Company Performance - Dollar General's sales increased by 5% to $40.6 billion for the most recent fiscal year, but same-store sales growth was only 1.4% [6] - The company plans to close 96 underperforming Dollar General stores and 45 pOpshelf stores, yet it remains committed to opening more locations [7] - For the new fiscal year, Dollar General projects same-store growth between 1.2% to 2.2% [8] Economic Context - The economic outlook is concerning, with potential additional tariffs from the government that could further strain consumer finances [5] - CEO Todd Vasos indicated that consumers are prioritizing basic essentials over discretionary spending, suggesting a bleak near-term outlook [4] Stock Performance - Dollar General's stock has risen by 10% this year, outperforming the S&P 500, which has declined by 2%, but the stock is still down over 60% in the past three years [8] - The stock is currently trading at 15 times next year's estimated earnings, but challenging economic conditions and uncertainties surrounding tariffs raise concerns about future performance [9]