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Dollar General-DG down 29%
Posted on 8/29/24 at 11:39 am
Posted on 8/29/24 at 11:39 am
They had a big earnings miss and is blaming the consumer being tapped out. Seems like a good one to snatch up. What’s the boards opinion?
This post was edited on 8/29/24 at 11:40 am
13
Posted on 8/29/24 at 11:45 am to baobabtiger
I've never been inside a Dollar General and thought "Yeah, I want to own this company." 
Posted on 8/29/24 at 11:48 am to Huey Lewis
quote:Excellent analysis! Cutting! Probing!
I've never been inside a Dollar General and thought "Yeah, I want to own this company."
Posted on 8/29/24 at 11:50 am to Huey Lewis
Anyone who walked inside a Dollar General 5 years ago and decided “I want to own this company.” would have almost tripled their money. Just saying
This post was edited on 8/29/24 at 11:54 am
Posted on 8/29/24 at 11:56 am to baobabtiger
They're blaming consumer belt-tightening but I have to wonder how much of their business drop is due to shrink, poor management (including being short-staffed) and shitty inventory management.
If consumers were really that bad off already, every other retailer would be feeling it as well.
If consumers were really that bad off already, every other retailer would be feeling it as well.
Posted on 8/29/24 at 12:00 pm to Bard
they've started building larger ones now. Never been in one. Are they nicer than the standard size? or just as haphazard i.e messy?
This post was edited on 8/29/24 at 12:02 pm
Posted on 8/29/24 at 12:04 pm to Jmcc64
The larger ones I have been in were all nicer and better kept
Posted on 8/29/24 at 12:19 pm to Big Scrub TX
Well, I have never been to Europe either..Why should that matter?
Posted on 8/29/24 at 12:30 pm to baobabtiger
I think they have the same problem as Walgreens and Macy's and other retailers. America is just overstored. DG just has way to damn many stores many within blocks of one another.
Posted on 8/29/24 at 12:36 pm to Huey Lewis
quote:
I've never been inside a Dollar General and thought "Yeah, I want to own this company."
Is this how people analyze their stocks?
Posted on 8/29/24 at 12:38 pm to baobabtiger
Their business model was to build stores to serve typically the lowest income areas.
Expansion of stores focused on low cost like Aldi, and things like Walmart Markets are eating their lunch because they can't compete on cost.
Their non-food business getting crushed by cheap Chinese goods on Amazon/TEMU etc...
In a time where the poorest consumers are feeling the tightest squeeze, price will be king.
Expansion of stores focused on low cost like Aldi, and things like Walmart Markets are eating their lunch because they can't compete on cost.
Their non-food business getting crushed by cheap Chinese goods on Amazon/TEMU etc...
In a time where the poorest consumers are feeling the tightest squeeze, price will be king.
Posted on 8/29/24 at 12:48 pm to Huey Lewis
quote:
I've never been inside a Dollar General and thought "Yeah, I want to own this company."
DG's bread and butter are the areas they are the only option, and that's quite often the case. I don't disagree its not the greatest store but they generally serve poor and rural areas so I'm not sure how nice it should be?
ETA: Which brings into question their excuse its just the consumers tightening. They aren't the Williams Sonoma or Lululemon serving only high end where consumers where there are tons of cheaper options, I don't think rural people are eating less
This post was edited on 8/29/24 at 12:50 pm
Posted on 8/29/24 at 12:52 pm to baobabtiger
I don’t own it anymore but it used to be one my absolute favorite holdings. It has really fallen from grace.
Posted on 8/29/24 at 12:54 pm to baldona
I wonder if the growth in the Southeast has lead to Walmart and Costco eating their piece of the pie.
Posted on 8/29/24 at 1:10 pm to baobabtiger
Cheap store builds on cheap rural land...I think they will eventually start growing again.
Posted on 8/29/24 at 1:29 pm to Bard
quote:
They're blaming consumer belt-tightening
Should t that get them more business
Posted on 8/29/24 at 1:31 pm to thelawnwranglers
quote:
Should t that get them more business
DG was never low price, they are just convenient location
Posted on 8/29/24 at 1:52 pm to bigjoe1
quote:I think that's very possible. Also, even though they aren't PE-backed, the impact of PE is being felt here IMO.
I think they have the same problem as Walgreens and Macy's and other retailers. America is just overstored. DG just has way to damn many stores many within blocks of one another.
I actually think the "rolling up" of everything has as much to do with inflation as anything. When PE groups roll up vet clinics or car washes or whatever, they simply do push prices much harder than mom and pop did. It has nothing to do with politics.
Posted on 8/29/24 at 4:09 pm to baobabtiger
Why do they have so many??
There are literally 7 in a 7-8 mile radius of me…
There are literally 7 in a 7-8 mile radius of me…
Posted on 8/29/24 at 4:42 pm to baobabtiger
How do they differentiate themselves in online age?
It’s a hard business. I’ve got nothing against it, but it may be better to find an outlet that sells high margin stuff that people can’t stop buying.
It’s a hard business. I’ve got nothing against it, but it may be better to find an outlet that sells high margin stuff that people can’t stop buying.
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