To say that it has been a bad year for Dollar General (NYSE: DG) stock would be putting it mildly. The company's stores provide consumers with day-to-day essentials, and they are competitively priced. That's normally a solid recipe for stability and success. In prior years, it has been.

But in 2023, the retail stock has nosedived an incredible 58%. What is going on? And can the company turn things around? Let's see.

Prior to 2023, Dollar General was a top-performing stock that investors didn't have to worry about being a good investment or not. Between the time it went public in 2009 and the end of 2022, shares of Dollar General soared an incredible 983% -- far higher than the S&P 500's gains of 251%.

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Source Fool.com