this makes no sense whatsoever - 3Q profits up 21%, but CEO guides conservatively - country still in a "masked" depression no matter what the Feds do - and yet, this gets pummelled - was at 50 less than week ago.
DG stands for DoG.. this one is going to $40.. the conservative guidance was the short ticket going forward .. look at BIG .. garbage in .. garbage out .. too many competing stores out there selling junk at a time when the economic conditions warrant cutbacks on consumer spending = more pummel'n ahead
Dollar General Corporation Reports Record Third Quarter 2012 Sales and Earnings
Third Quarter Same-Store Sales Increased 4.0%; Total Sales Improved 10.3%
Operating Profit Increased 16% to 9.1% of Sales, a New Third Quarter Record
Adjusted EPS Grew 26% to $0.63 per Diluted Share; Reported EPS Increased 24% to $0.62 per Diluted Share
Company Updates Outlook for 2012 Adjusted EPS to a Range of $2.82 to $2.85