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Why Dollar General Stock Dropped in June

TheMotleyFool

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Why Dollar General Stock Dropped in June: https://g.foolcdn.com/editorial/images/738456/choosing-domestic-cleaning-product-by-the-supermarket-shelf.jpg

Dollar General (NYSE: DG) shareholders saw red last month. The stock declined 16% in June, according to data provided by S&P Global Market Intelligence. That's as compared to a 6.5% rally in the S&P 500. Shares of the retailer have been having a rough year so far, too. They're down 31% in 2023 even as the wider market has rallied.

The June decline was sparked by an earnings update that left most investors wanting more.

Dollar General announced early in the month that sales were up a modest 2% at existing locations and rose 7% overall after accounting for new store growth. That result marked a slowdown from the prior quarter, which featured 18% higher net sales.

Source Fool.com

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