Dollar Tree to Close Nearly 1,000 Family Dollar Stores in 2024: Impact on Dollar Store Stocks
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#c681533a ver:0.09
Once considered a stable investment option, dollar store stocks have been facing significant challenges in recent years. Global Net Lease (GNL) investors have experienced a 22% loss over the past five years, with the stock shedding US$186m in the past week. The share price has dropped 54% over the half-decade and an additional 19% in the last month .
Dollar General (DG) also faced a significant decline in its stock price, falling 24% last month . The drop was attributed to disappointing quarterly earnings. Despite the decline, the company still reported a significant profit and maintains its dividend. Dollar stores, including Dollar General, have historically performed well during recessions, indicating relatively stable long-term prospects. The stock's forward price-to-earnings ratio has...
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