DG - Dollar General Corporation

NYSE - NYSE Delayed Price. Currency in USD
136.47
+0.46 (+0.34%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close136.01
Open136.10
Bid136.80 x 800
Ask136.82 x 800
Day's Range135.40 - 137.15
52 Week Range96.37 - 139.78
Volume1,456,744
Avg. Volume1,755,104
Market Cap35.253B
Beta (3Y Monthly)0.71
PE Ratio (TTM)22.40
EPS (TTM)6.09
Earnings DateAug 28, 2019 - Sep 3, 2019
Forward Dividend & Yield1.28 (0.94%)
Ex-Dividend Date2019-07-08
1y Target Est139.64
Trade prices are not sourced from all markets
  • FedEx Sees ‘Transition Year’ as Trade Damps E-Commerce Gains
    Bloomberg15 hours ago

    FedEx Sees ‘Transition Year’ as Trade Damps E-Commerce Gains

    (Bloomberg) -- FedEx Corp. predicted a “transition year’’ for fiscal 2020, with an improving outlook for e-commerce profits tempered by concerns that international trade tensions will worsen.Revenue per package in the ground-delivery operation rose 2.2% in the quarter ending May 31 as volume growth accelerated to 8.8%, FedEx said in a statement late Tuesday. That signaled progress in the courier’s push to extract higher profits from the surge in home deliveries driven by online shopping.FedEx is stepping up efforts to become the low-cost provider of e-commerce deliveries, paring jobs and partnering with companies such as Dollar General Corp. to add pickup and drop-off sites. But FedEx is struggling to shore up its Express air-delivery division -- the unit most threatened by escalating trade tensions, especially between the U.S. and China.“The utilization of the ground network and the opportunity they feel that they have with e-commerce to significantly grow is the positive that people are taking out of this,” said Trip Miller, managing partner at Gullane Capital Partners, which owns FedEx shares. “But certainly, we didn’t hear anything positive about China. We didn’t hear anything positive about Europe.”The shares fell 1.1% to $154.21 at 9:45 a.m. Wednesday in New York. The shares had dropped 3.3% this year through Tuesday, while rival United Parcel Service Inc. was little changed and a Standard & Poor’s index of industrial companies advanced 19%.Weak ForecastFedEx has been struggling to keep up with Wall Street’s expectations as the company pours money into making deliveries more efficient and struggles with a cloudy trade outlook.Adjusted earnings for the current fiscal year will drop by “a mid-single-digit percentage” from $15.52 a share in the year just ended, FedEx said in the statement. Analysts were expecting $16.15 in fiscal 2020 -- an estimate that had already been whittled down from $20 about six months ago.“Our fiscal 2020 performance is being negatively affected by continued weakness in global trade and industrial production, especially at FedEx Express,” said Chief Financial Officer Alan Graf.That impact extended a longstanding sense of frustration at FedEx with President Donald Trump’s willingness to stoke trade tensions, said Chief Executive Officer Fred Smith.“Clearly, we’ve been very disappointed over the last few years with the assumptions that we made on the growth in international trade, particularly with the Trump administration,” Smith said on a conference call with analysts and investors. “We have become a protectionist country.”FedEx fired a new weapon in the simmering U.S.-China trade war this week, suing the Trump administration to block enforcement of trade restrictions that have placed the company in Beijing’s crosshairs.The federal lawsuit came after the White House barred U.S. companies from selling technology to Chinese telecommunications giant Huawei Technologies Co.While trying to comply, FedEx employees mistakenly flagged packages involving Huawei. Now China is considering adding the courier to a list of so-called unreliable entities.Understanding China’s ‘Unreliable Entities’ Blacklist: QuickTakeE-Commerce ChallengeCloser to home, the next 12 months will be pivotal for FedEx as it seeks to stem the decline in profit margins at the company’s ground unit. Recent moves include extending deliveries to seven days a week and reducing reliance on the U.S. Postal Service.FedEx’s Express business cut ties with Amazon.com Inc. as the largest online retailer muscles into the delivery business. FedEx said it would focus on more profitable customers.The challenge for FedEx -- and UPS -- is that deliveries to homes, where drivers often handle a single package at each stop, tend to be less profitable than business deliveries, where they might pick up or drop off several parcels.“Fiscal year 2020 is in many ways a transition year for FedEx as we continue to reinvigorate our business to capitalize on e-commerce growth and execute significant initiatives to reduce our cost to serve in the U.S.,” said Chief Operating Officer Rajesh Subramaniam.Those efforts are softening the blow from the weak profit forecast for fiscal 2020 -- but the pressure will remain on FedEx to show sustained gains from the rise of online shopping.“FedEx is not out of the woods,” Cowen analyst Helane Becker said in a note to investors, “but base expectations are lower and if there is any shift towards a more optimistic macro environment, we expect shares to move higher from current levels.”(Updates stock action in fifth paragraph.)\--With assistance from Karen Lin.To contact the reporter on this story: Thomas Black in Dallas at tblack@bloomberg.netTo contact the editors responsible for this story: Brendan Case at bcase4@bloomberg.net, Tony Robinson, Cécile DauratFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • FedEx Partners With Dollar General for Package Pickup and Drop-Off
    Motley Fool2 days ago

    FedEx Partners With Dollar General for Package Pickup and Drop-Off

    The carrier is positioning itself for an e-commerce boom to come.

  • Zacks2 days ago

    Dow Stays Positive Amid G20 Jitters

    Dow Stays Positive Amid G20 Jitters

  • Motley Fool2 days ago

    How Can FedEx Grow Without Amazon?

    You can argue that Walmart and Target have bigger growth opportunities.

  • Motley Fool4 days ago

    Why FedEx and Amazon Are Breaking Up

    FedEx is calling it off, which speaks to a brighter future for FedEx than you might think.

  • Bloomberg7 days ago

    Kroger Stumbles as Competition Gets Fiercer in the Grocery Space

    (Bloomberg) -- Kroger Co. fell the most in more than three months after posting an uneven quarterly performance, fueling investor concerns that Walmart Inc. and other rivals are taking sales and shoppers away from the grocer.Same-store sales excluding fuel rose 1.5% last quarter, short of projections, and while earnings narrowly beat analysts’ estimates, profit margins decreased again because of investments the company’s making to keep pace with the competition.Kroger, America’s biggest traditional supermarket chain, has found life more difficult amid the rock-bottom prices and improved quality offered by discounters like Walmart and Germany’s Aldi. It doesn’t help that Dollar General Corp. is beefing up its grocery section, adding more fresh and frozen food while entering more urban markets with stores that cater to millennials. Even drugstores sell plenty of food nowadays, which has prompted Kroger to partner with Walgreens to sell groceries in some locations.“While the results generally met expectations, the other large retailers of food that we cover performed a little better,” Joe Feldman, an analyst at Telsey Advisory Group, said in a note.Digital SalesIn response, Kroger is pushing hard to bolster online sales, which grew 42% last quarter. The company has also tested autonomous deliveries in Texas and Arizona. About 35 million more Americans are now buying food online compared with a year ago, according to Coresight Research, but penetration is still below markets like the U.K. Kroger generated about $5 billion in digital sales last year, and by the end of this year it plans to offer pickup or delivery service for all of its U.S. shoppers, up from about 90% last year.The shares sank as much as 5.1% to $22.43 in New York Thursday. They had already lost 14% this year through Wednesday’s close, compared with double-digit increases for both Walmart and the benchmark S&P 500.Kroger’s e-commerce investments, as well as a partnership with Microsoft Corp. to roll out digital shelf labels and explore other next-generation technology, have dented profitability in the short term, sending investors elsewhere.Profit excluding some items amounted to 72 cents a share in the period that ended May 25, exceeding the average analyst estimate by a penny. Kroger reiterated its full-year sales and profit guidance.To contact the reporter on this story: Matthew Boyle in New York at mboyle20@bloomberg.netTo contact the editors responsible for this story: Crayton Harrison at tharrison5@bloomberg.net, Lisa Wolfson, Anne Riley MoffatFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • GuruFocus.com8 days ago

    The Value of 'Willful Agnosticism'

    The importance of focusing on what's important and knowable

  • The Zacks Analyst Blog Highlights: Target, Dollar General, Ross Stores and TJX
    Zacks8 days ago

    The Zacks Analyst Blog Highlights: Target, Dollar General, Ross Stores and TJX

    The Zacks Analyst Blog Highlights: Target, Dollar General, Ross Stores and TJX

  • Fossil Focuses on Wearables Growth, Traditional Watches Slip
    Zacks8 days ago

    Fossil Focuses on Wearables Growth, Traditional Watches Slip

    Fossil's (FOSL) wearables unit and e-commerce sales channel are expanding steadily. However, weak traditional watches, leathers and jewelry sales are a concern.

  • Burlington Stores Rises 14% in 3 Months: More Room to Run?
    Zacks9 days ago

    Burlington Stores Rises 14% in 3 Months: More Room to Run?

    Burlington Stores (BURL) is gaining from strong comps performance, store expansion plans and other long-term strategies. However, higher freight costs and SG&A expenses pose concerns.

  • Dollar General's Bull Run Fueled by Better Comps & Pricing
    Zacks9 days ago

    Dollar General's Bull Run Fueled by Better Comps & Pricing

    Dollar General's (DG) commitment toward better pricing, effective inventory management and merchandise initiatives have aided it in carving out a niche in the retail space.

  • These 4 Discount Retail Favorites Command Your Attention
    Zacks9 days ago

    These 4 Discount Retail Favorites Command Your Attention

    Discount retailers have succeeded in creating a niche despite the rising popularity of online retailers that has compelled many traditional operators to exit.

  • How Dollar General fits in to FedEx's overall e-commerce strategy
    American City Business Journals9 days ago

    How Dollar General fits in to FedEx's overall e-commerce strategy

    With e-commerce on the rise, FedEx is continuing to expand its OnSite network to reach more of the U.S. population.

  • American City Business Journals10 days ago

    Another grocery store headed to downtown Orlando

    This type of retail would be important, as the central business district's current lineup doesn’t have the services needed to cater to new demands.

  • Benzinga10 days ago

    FedEx, Dollar General To Offer Drop Off And Pickup At Thousands Of Dollar General Stores

    FedEx (NYSE: FDX) and Dollar General (NYSE: DG) announced they will partner up to offer a drop off and pickup at thousands of Dollar General stores. The businesses plan to begin rolling out the service in more than 1,500 Dollar General stores in late summer, building to a total of more than 8,000 stores by the end of 2020. “Dollar General is the perfect retailer to help us meet the growing need for convenient, secure drop-off and pickup options in a variety of rural communities,” said Scott Harkins, senior vice president, customer channel marketing at FedEx Services in a press statement.

  • FedEx partners with Dollar General to expand service in rural communities
    American City Business Journals10 days ago

    FedEx partners with Dollar General to expand service in rural communities

    FedEx will expand its drop-off and pickup services thanks to a new partnership with Dollar General. Monday, June 17 the Memphis-based shipping and logistics giant and the Goodlettsville, Tennessee, based retailer announced a strategic alliance. As part of that alliance, thousands of Dollar General stores will begin to offer FedEx drop-off and pickup services as part of FedEx's OnSite program.

  • 3 Discount Stores Crushing It in the Digital Era
    Investopedia10 days ago

    3 Discount Stores Crushing It in the Digital Era

    Online retail has changed the way consumers shop. These discount retailers have reinvented themselves to thrive in the digital era.

  • Business Wire10 days ago

    Dollar General and FedEx to Offer Convenient Package Drop-off and Pickup Solutions

    FedEx Corp. (FDX) and Dollar General (DG) announced today a strategic alliance that will offer new, convenient access to FedEx drop-off and pickup services at thousands of Dollar General stores. The effort is designed to increase access for all customers, particularly those living in rural communities. FedEx and Dollar General plan to begin rolling out the service in more than 1,500 Dollar General stores in late summer 2019, building to a total of more than 8,000 stores by the end of 2020.

  • Top Ranked Momentum Stocks to Buy for June 14th
    Zacks13 days ago

    Top Ranked Momentum Stocks to Buy for June 14th

    Top Ranked Momentum Stocks to Buy for June 14th

  • Here's Why Momentum Investors Will Love Dollar General (DG)
    Zacks13 days ago

    Here's Why Momentum Investors Will Love Dollar General (DG)

    Does Dollar General (DG) have what it takes to be a top stock pick for momentum investors? Let's find out.

  • Casey's (CASY) Hits Fresh High: Is There Still Room to Run?
    Zacks13 days ago

    Casey's (CASY) Hits Fresh High: Is There Still Room to Run?

    Casey's (CASY) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

  • Companhia Brasileira to Gain on Digital Transformation & More
    Zacks13 days ago

    Companhia Brasileira to Gain on Digital Transformation & More

    Companhia Brasileira's (CBD) Assai segment is a major growth driver. Also, the company is on track with its pilot projects.

  • TheStreet.com14 days ago

    Jim Cramer: Let's Look at Retail Stores That Work and Those Getting Squeezed

    Retail has become the microcosm for both the stock market and for society as a whole. That's the only conclusion you can reach when you sort through the now completed earnings season for the company's linked to the consumer.

  • Is Dollar General Corporation's (NYSE:DG) CEO Paid At A Competitive Rate?
    Simply Wall St.14 days ago

    Is Dollar General Corporation's (NYSE:DG) CEO Paid At A Competitive Rate?

    Todd Vasos has been the CEO of Dollar General Corporation (NYSE:DG) since 2015. First, this article will compare CEO...

  • Moody's15 days ago

    Dollar General Corporation -- Moody's announces completion of a periodic review of ratings of Dollar General Corporation

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Dollar General Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.