U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining 1% on Thursday.The Dow traded up 1.02% to 41,508.88 while the NASDAQ rose 0.34% to 17,616.32. The S&P 500 also rose, gaining, 0.50% to 5,620.08.Check This Out: Top 3 Tech Stocks You’ll Regret Missing This MonthLeading and Lagging SectorsEnergy shares climbed by 1.5% on Thursday.In trading on Thursday, real estate shares fell by 0.5%.Top HeadlineDollar General Corporation DG reported worse-than-expected second-quarter resul ...

Dollar General’s shares slumped 29% to a more-than-six-year low on Thursday after the discount retailer slashed its annual sales and profit forecasts, as competition for budget-conscious shoppers intensifies in the US.Dollar stores have come under pressure as deep-pocketed rivals such as Walmart and Target have doubled down on offering low-priced daily essentials. The rapid rise of Temu, China’s PDD Holdings’ e-commerce platform, has also weighed on the business.“(Dollar General’s results) show the challeng ...

jetcityimage Introduction It's time to talk about Dollar General Corporation (NYSE:DG). The discount retailer just released its 2Q24 earnings, causing its stock price to drop to a new multi-year low. While I am writing this, the company has lost roughly 30% of its market cap as it made crystal clear it was not satisfied with its financial numbers. Not only is this bad news for the company, but it also tells us a lot about the consumer. Data by YCharts On top of that, assessing Dollar General is important fo ...

Shares of Dollar General Corporation (DG) fell during the pre-market trading session after the company reported lower-than-expected second-quarter results and revised its fiscal 2024 guidance downward due to sluggish sales trends. The same-store sales growth rate also decelerated compared to the preceding quarter.The quarterly earnings of $1.70 per share missed the Zacks Consensus Estimate of $1.79 per share and declined 20.2% from the prior-year period.Net sales of $10,210.4 million fell short of the Zacks ...

Key TakeawaysDollar General reported second-quarter earnings below analysts' estimates and lowered its projections for the full year.CEO Todd Vasos said Dollar General is seeing a "core customer who feels financially constrained."Shares of Dollar General plunged in early trading Thursday following the news. Dollar General (DG) shares tumbled Thursday morning after the discount retailer reported weaker-than-expected earnings for the second quarter lowered its projections for full-year revenue. Dollar Genera ...

Dollar General stock plunged 27% on Thursday after the company released second quarter financial results that showed softening consumer demand and prompted a cut to its annual sales and profit forecast. The company's operating profit decreased by 20.6% to $550 million, while its diluted earnings per share fell 20.2% to $1.70. Its net sales for the quarter were $10.21 billion, shy of analysts' average estimate of $10.37 billion, according to LSEG data.The discount store operator and rival Dollar Tree have be ...

General Motors Company (GM) has finalized a joint venture (JV) with Samsung SDI, a South Korea-based battery and electronic materials manufacturer. Per the JV, which was initially announced a year ago, the companies are investing around $3.5 billion to construct an electric vehicle (EV) battery plant with an annual capacity of up to 36 gigawatt-hours in northern Indiana. However, due to slower-than-expected consumer adoption of EVs, the companies will delay battery cell production until 2027, after initiall ...

DETROIT – General Motors is folding its all-electric BrightDrop commercial vans into the Chevrolet brand in an attempt to increase sales, accessibility and recognition of the vehicles.The change is expected to expand the selling and service points from a handful of dealers to Chevrolet's large network of North American dealers, including more than 500 commercial-focused stores in the U.S., according to Sandor Piszar, vice president of the GM Envolve fleet business in North America."It's got that strength of ...

Core Viewpoint - Dollar General's shares fell significantly after the company reduced its sales and profit guidance for the full year, indicating financial struggles among its lower-income customer base [1][2]. Financial Performance - The company now anticipates fiscal 2024 same-store sales growth of 1.0% to 1.6%, a decrease from the previous forecast of 2% to 2.7% [1]. - Earnings per share (EPS) for the year is projected to be between $5.50 and $6.20, down from the earlier estimate of $6.80 to $7.55 [1]. - For the latest quarter, Dollar General reported an EPS of $1.70, which was below the LSEG estimate of $1.79 [2]. - Revenue for the quarter was $10.21 billion, falling short of the analyst expectation of $10.37 billion [2]. Market Reaction - Following the earnings report, Dollar General's shares dropped by 20% in premarket trading [1]. - Competitor Dollar Tree also experienced a decline, falling over 6% in early trading due to the negative sentiment surrounding Dollar General's performance [2].

Dollar General Corporation DG is set to release earnings results for its second quarter, before the opening bell on Thursday, Aug. 29.Analysts expect the Goodlettsville, Tennessee-based company to report quarterly earnings at $1.79 per share, down from $2.13 per share in the year-ago period. Dollar General projects to report quarterly revenue of $10.37 billion for the quarter, according to data from Benzinga Pro.Last month, the U.S. Department of Labor announced that its Occupational Safety and Health Admin ...