jmacvols1
Well-Known Member
- Joined
- Jan 15, 2010
- Messages
- 6,044
- Likes
- 21,168
They were junky 3 weeks ago. DG is another victim of Biden-flation.And they were so clean 3 weeks ago.
They were junky 3 weeks ago. DG is another victim of Biden-flation.
Dollar General Stock Plummets. Smaller Tax Refunds Are Just One Problem.
Dollar General stock was falling hard after the discount retailer cut its sales and profit outlook for the year, saying its primary customer base is getting hit by inflation.
Even dollar stores are hurting as consumers get more cautious
Signs of an increasingly cautious consumer and looming recession aren't helping America's dollar store chains.
While dollar stores have previously thrived in times of economic uncertainty due to their low prices, this time around is different.
Trump has nothing to do with DG's stock tumbling.Biden sucks but it's a joke to put this all on Biden. I got my Trump checks from the government too, and I told you guys he was ****ing the economy as it happened. Few believed/agreed with me. It was a fakeass economy. He inherited an economy on the uptick and then it was fake growth* by year 2, long before Covid. Pathetic.
*GDP growth was outpaced by the G (government spending) part of the equation.
Trump has nothing to do with DG's stock tumbling.
as well as all that supply demand caused by China/Asia & Blue State/city lockdownsTrump did appoint Jerome Powell.....
Fair to say the Fed's handling of the economy is one of the reasons we are in the shape we're in now...
Deficit spending from TCJA and Cares Act (to be fair, this was bipartisan and extraordinary event) contributed to inflation as well.
Dollar General is down 27% in the last 2 weeks....
Little different vibe and core clientele
“Dollar General's core customers are reining in their spending amid a worse-than-expected macroeconomic backdrop, leading the discounter to slash its full-year outlook after a dismal earnings report Thursday.”
It's a discretionary retailer just like Target, Ulta, Foot Locker, Five Below, Advance, Dollar Tree...
That’s losing market value based on clientele not spending not social issues.
In a news release, CEO Jeff Owen said the macroeconomic environment “has been more challenging than expected, particularly for our core consumer.”