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Anyone have any thoughts on Dollar General?
Posted on 12/18/23 at 5:36 pm
Posted on 12/18/23 at 5:36 pm
I'm making myself look outside of my personal DG, but they are killing it around here. Just sunk a ton of infrastructure into electrical systems to provide more cold/frozen/fresh foods. And the store is constantly packed. There are multiple trips a week that we go to DG and erase a trip to the grocery store or Walmart.
Stock is down 50% over the last year. But if the numbers don't look good because of investing in themselves, then there seems to be a bunch of upside.
Just wondering if there were any here invested in the DG.
Stock is down 50% over the last year. But if the numbers don't look good because of investing in themselves, then there seems to be a bunch of upside.
Just wondering if there were any here invested in the DG.
9
Posted on 12/18/23 at 5:57 pm to Kingpenm3
quote:
There are multiple trips a week that we go to DG and erase a trip to the grocery store or Walmart.
You shop at Dollar general multiple times a week?
Posted on 12/18/23 at 6:04 pm to Kingpenm3
quote:
DG, but they are killing it around here. Just sunk a ton of infrastructure into electrical systems to provide more cold/frozen/fresh foods. And the store is constantly packed. There are multiple trips a week that we go to DG and erase a trip to the grocery store or Walmart.
Stock is down 50% over the last year. But if the numbers don't look good because of investing in themselves, then there seems to be a bunch of upside.
Same where I live. DG killed off the local terrible grocery store when they added more cold/fresh food, and now they are very busy. I often skip trips to Walmart because I can get most of it at DG.
Seems like a good play from my limited experience. But it's the same as yours.
Posted on 12/18/23 at 6:07 pm to Tigris
at some point they will stop expanding and growing and simply produce and they will explode, but who knows when.
Posted on 12/18/23 at 6:35 pm to Kingpenm3
Anytime I've stepped into one, there's only 1 employee working the store that is nowhere to be found. I gotta suspect that their losses from theft are unreal.
Posted on 12/18/23 at 6:35 pm to oneg8rh8r
I own it and am down big. We have a DG in front of my neighborhood. I go there a good bit when I need some bread or something like that. They are always pretty busy, but I doubt my DG is typical of others.
Posted on 12/18/23 at 6:39 pm to Kingpenm3
Stuns me to hear they are down so much. Every single one I see is full of people.
Posted on 12/18/23 at 7:15 pm to TDTOM
quote:
I own it and am down big. We have a DG in front of my neighborhood. I go there a good bit when I need some bread or something like that. They are always pretty busy, but I doubt my DG is typical of others.
I have a few shares of this that are down as well. DG needs to stick to what they are good at and that is expanding into places where there is little to no competiton. Why they keep opening stores in big cities and suburbs near big cities is what keeps killing their business. When you see DG when your driving thru small towns and rural areas they are usually busy that's the core group where they should keep expanding.
Posted on 12/18/23 at 7:19 pm to Billy Blanks
The regular size DGs here are chronically understocked, generally unkempt. There appears to be a new Super DG just opened about 10 miles away on a remote 2 lane hwy. Have yet to visit.
Posted on 12/18/23 at 7:35 pm to Kingpenm3
There is a bunch of DG here, but generally pretty empty and run very poorly.
Guessing in smaller communities they would do well, but they offer similar things as their competitors at higher prices. Plus in much smaller stores with less selection
Guessing in smaller communities they would do well, but they offer similar things as their competitors at higher prices. Plus in much smaller stores with less selection
Posted on 12/18/23 at 8:54 pm to UltimaParadox
Family Dollar took some heavy hitters from DG’s leadership ranks.
Posted on 12/19/23 at 8:10 am to Kingpenm3
From the CRE side of things, Dollar General rents for new stores are up 40%-50% from a few years ago (anecdotal.. not based on any "big data") and they have had to modify their lease structures to include rent increases versus the flat 15 year leases that were typical 2022 and earlier. The increased cost of growth has a big part in the stock being down IMO.
Posted on 12/19/23 at 8:34 am to PhifeDogg
quote:
Anytime I've stepped into one, there's only 1 employee working the store that is nowhere to be found. I gotta suspect that their losses from theft are unreal.
It seems to me that they aren't even worried about shrink anymore. They simply price it in. Employees are rarely at the check out. Most all just use the self check out.
Posted on 12/19/23 at 6:34 pm to Kingpenm3
Yes
Posted on 12/20/23 at 4:12 pm to Kingpenm3
quote:
Anyone have any thoughts on Dollar General?
I hear they’re expanding into the planet Mars in anticipation of colonization at some point
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