Published on 2 Dec 2021 on Zacks via Yahoo Finance
Dollar General Corporation DG has reported better-than-expected third-quarter fiscal 2021 results. However, the bottom line declined year over year. Probably, a soft same-store sales performance and an earnings decline marred investors’ sentiment on the stock. Although management updated its fiscal 2021 guidance based on robust results in the first three quarters, investors continued to be disappointed. Shares of Dollar General fell 2.7% during the pre-market trading hours on Dec 2.The company also outlined the key real estate growth plans for fiscal 2022, focusing on expanding the pOpshelf store concept and making its first international appearance.Shares of this Zacks Rank #3 (Hold) company have gained 0.1% in the past three months compared with the industry’s rally of 6.8%.
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