Why Dollar General Stock Got Clobbered by the Market Today
Shares of discount retail chain Dollar General (NYSE: DG) got clobbered by the market on Thursday after the company released its latest quarterly financial results. As of 11 a.m. ET, Dollar General stock was down almost 20%, hitting 52-week lows and wiping out about 3.5 years of gains. In Q1, net sales for Dollar General were up 6.8%, but this is largely because the company opened 212 new stores during the quarter.