Dollar General Corp
DG: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$768.00 | Rpbvdl | Cflhjtnxt |
Elevated Investments to Protect Dollar General’s Brand but Damp 2023 Returns
Dollar General's Feb. 23 preliminary release quenched any speculation about its fiscal 2022 fourth-quarter earnings, leading investors to focus on 2023 guidance during the March 16 call. As we digest more specific commentary around higher capital, operational, and debt-servicing expenditures in 2023 than our prior forecast, we expect to trim our $212 fair value estimate by a low-single-digit percentage, rendering shares fairly valued.