Why Dollar General Stock Popped 4.5% Friday Morning

Dollar General (NYSE: DG) stock traded sideways after the company reported third-quarter earnings on Thursday, but it's taking a nice leg upward Friday morning. The dollar store chain earned $0.89 per share in Q3, a nickel short of the $0.94 Wall Street forecast for it, but edged out sales forecasts with $10.2 billion in Q3 revenue. As of 10:20 a.m. ET, Dollar General stock is up 5%.Dollar General reported 5% sales growth year over year, with new store openings providing most of the growth. Same-store sales grew barely 1%. Worse, earnings plunged at the retailer, with operating profit falling 25% and earnings per share down 29%. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool