Dollar General beat the $2 EPS consensus with $2.48 and raised full-year guidance, while Dollar Tree fell 4% in the same session.
With XRT falling 1% and SPY rising, Dollar General's rally reads as market-share capture rather than a broad discount-retail recovery.
Read More: Learn 7 secret wealth tips high net worth investors use that most investors miss (sponsor)
Dollar General (NYSE:DG) stock is leading the discount-retail sector higher Thursday after a clean second-quarter beat and a raised full-year outlook, while Dollar Tree (NASDAQ:DLTR) stock is going the other way in the same session. The split is telling because retail as a whole is trading lower on a day equities are grinding higher, so the group isn't simply rotating into defensives.
Dollar General stock is up 5% to $128.90, clawing back part of a decline that had left the shares down 6% year to date through Wednesday's close. Meanwhile, Dollar Tree stock is down 3% to $128.76, giving back a lead that had it up 7% year to date through Wednesday's close.
#general #retail #full
With XRT falling 1% and SPY rising, Dollar General's rally reads as market-share capture rather than a broad discount-retail recovery.
Read More: Learn 7 secret wealth tips high net worth investors use that most investors miss (sponsor)
Dollar General (NYSE:DG) stock is leading the discount-retail sector higher Thursday after a clean second-quarter beat and a raised full-year outlook, while Dollar Tree (NASDAQ:DLTR) stock is going the other way in the same session. The split is telling because retail as a whole is trading lower on a day equities are grinding higher, so the group isn't simply rotating into defensives.
Dollar General stock is up 5% to $128.90, clawing back part of a decline that had left the shares down 6% year to date through Wednesday's close. Meanwhile, Dollar Tree stock is down 3% to $128.76, giving back a lead that had it up 7% year to date through Wednesday's close.
#general #retail #full
2 months ago
