Even Dollar General Can't Escape Weaker Consumer Spending
Dollar General (NYSE: DG) operates a chain of over 19,000 stores offering consumers low prices for everyday needs. The business model is generally expected to hold up fairly well throughout the economic cycle, since the retailer's customers go to the conveniently located stores for essentials. However, second-quarter 2023 financial results show that there's some weakness here that investors need to watch closely.
From a big-picture perspective, Dollar General's top-line results in the second quarter weren't terrible. Specifically, the company's sales increased 3.9%. The two big drivers of this advance were new store openings and increased demand for consumables. That would be everyday items, like toothpaste and toilet paper, that people need regularly.
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Source Fool.com
