Why Dollar General Corp. Stock Dropped Today
Shares of Dollar General Corp (NYSE: DG) were down 5.3% as of 1:06 p.m. EDT Thursday after the discount retailer announced mixed second-quarter 2017 results and weaker-than-expected full-year earnings guidance.
That's not to say Dollar General's results looked bad on the surface. Quarterly revenue climbed 8.1% year over year to $5.83 billion, including a 2.6% increase in same-store sales. On the bottom line, that translated to net income of $295 million, or $1.08 per diluted share, compared with $307 million, or $1.08 per share in the same year-ago period. Analysts, on average, were expecting slightly higher earnings of $1.09 per share on slightly lower revenue of $5.80 billion.
Image source: Getty Images.
Source: Fool.com
Dollar General Corp. Stock
€108.76
-0.070%
Currently there is a rather positive sentiment for Dollar General Corp. with 20 Buy predictions and 3 Sell predictions.
With a target price of 156 € there is a positive potential of 43.44% for Dollar General Corp. compared to the current price of 108.76 €.
