Actionable news
All posts from Actionable news
Actionable news in DG: DOLLAR GENERAL Corp,

Dollar General (DG) Stock Slumps on Q2 Miss, Buckingham: 'Not Too Surprising'

NEW YORK (TheStreet) -- Shares of Dollar General (DG) were falling 13.83% to $79.11 on heavy trading volume after the Goodlettsville, TN-based discount retailer posted revenue that missed analysts' estimates for the 2016 second quarter.

Following the report, Buckhingham Research noted that the company's second quarter revenue reflected a "miss pure and simple and there's no way to really sugar-coat it," according to a note cited by Barron's.

"The laundry list of reasons for the sales slowdown is also not particularly reassuring," the firm said.

Buckingham mentioned that investors will have to weigh the weakness in results with a potential for better sales trends in the future.

The markets may be unpredictable, but Jim Cramer can show you how to navigate it like a pro. Follow his blue-chip portfolio of stocks at Action Alerts PLUS...