Despite near-term pressure, Dollar General's cost edge should ensure it withstands these headwinds.
Narrow-moat Dollar General chalked up lackluster comparable-store sales in the third quarter (down 0.1% versus a 0.7% increase in the second quarter), as the firm again fell victim to food-cost deflation and a reduction in Supplemental Nutrition Assistance Program benefits, the combination of which constrained comps to the tune of 150 to 175 basis points (versus a 100 to 115 basis point hit in the second quarter). But its challenges didn’t end at the top line, as gross margins contracted 49 basi...Dollar General is a discount retailer. The company's consumables products includes paper and cleaning products, packaged food, perishables, snacks, health and beauty, pet, and tobacco products. The company's seasonal products include decorations, toys, batteries, small electronics, greeting cards, stationery, prepaid phones and accessories, gardening supplies, hardware, automotive and home office supplies. The company's home products include kitchen supplies, cookware, small appliances, light bulbs, storage containers, frames, candles, craft supplies and kitchen, bed and bath soft goods. The company's apparel includes casual everyday apparel, as well as socks, underwear, disposable diapers, shoes and accessories.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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