*Dollar General complained about their customer worsening.
*Based on reports in retail for Q4 we don't expect their worsening trend to improve.
*We think there is risk over the next few quarters until they lap some of this weakness.
Dollar General is an industry leader at the low end of the economy but they complained about their consumer getting worse. Many retailers have come out saying holiday sales were tough. In that environment we don't see their trends improving which they probably needed to make estimates. For now the stock is fully priced with near term earnings risk.
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