Here Is What Dollar General's Disappointing Quarter Says About the Consumer
The consumer is still cautious, as illustrated in Dollar General's third quarter earnings, which missed Wall Street's estimates on both the top and bottom lines.
The consumer is still cautious, as illustrated in Dollar General's (DG) - Get Report third quarter earnings, which missed Wall Street's estimates on both the top and bottom lines. That's the assessment from economist and Real Money contributor Steve Blitz. Analysts also say that lower prices from Walmart (WMT) - Get Report ate into Dollar General's quarter. Dollar General's same store sales fell 0.1%, while analysts had expected an increase. Blitz also comments on how wages are affecting consumer spending. TheStreet's Scott Gamm reports from Wall Street.
