Is Dollar General Stock a Screaming Buy After Hitting This Massive Milestone?
Dollar General (NYSE: DG) is one of the largest retailers in the country. And last month, it hit a major milestone with the opening of its 20,000th store. By comparison, big-box retailer Walmart has more than 10,500 stores, and that's spanning 19 countries. Dollar General's presence is mainly in the U.S., and it has a modest footprint in Mexico as well.
While many companies are scaling back their operations amid a weaker economy, Dollar General continues to focus on growth and expansion. Does the company's relentless pursuit of growth make it a great stock to buy right now, or could there be trouble on the horizon?
Dollar General will report its year-end numbers later this month. When it last posted earnings in December, for the period ended Nov. 3, 2023, the business was still generating modest year-over-year growth of 2.4%, with net sales rising to $9.7 billion.
Source Fool.com
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