Investors went shopping at the dollar store early Monday...but the buying spree didn't last too long.
Shares of Dollar General (DG) spiked nearly 6% after the retailer reported earnings that topped forecasts, despite missing revenue estimates.
Investors were heartened by Dollar General's top line earnings numbers and its plan to buy back stock.
But shares pulled back as concern about the company's guidance gave investors pause.
"The volatility of the macroeconomic environment continues to pressure the consumer and impact the company's cost of purchasing and delivering merchandise to its stores," Dollar General said in a statement.
StockTwits traders took a cautious view.
Not sure I completely concur. Sure, the initial pop in Dollar General's stock was pretty substantial. But it's pulled back so quickly that I think it will take more than one good report to really get things going.
Exactly my point (see above). The guidance was roughly in line with forecasts. So, while it's all fine and good to say they see sales picking up during the second half of 2013, a lot can happen between now and then.
That may be another reason to see pressure on the stock. I'm not sure strong sales of tobacco are the optimum selling point.
They are probably feeling more frugal than we think. Dollar General's stock has retreated from its early rally and rival Family Dollar (FDO) is down more than 2%.
Investors have plenty of questions about the future of RadioShack following a dismal earnings report, but the electronics retail is still claiming to have the answers.
As it delivered a surprise $21 million loss for the second quarter, RadioShack (RSH) said it would also suspend its dividend program to help bolster its balance sheet. A balance sheet that's saddled with $679 million of debt, including an upcoming debt maturity of $375 MOREHibah Yousuf - Jul 25, 2012 12:25 PM ET
Shares of Five Below, a discount retailer that targets teen shoppers, soared more than 55% Thursday, a day after the company raised $163 million through an initial public offering.
The company's stock opened up more than 50% above its IPO price of $17 and quickly surged more than 73%. Shares of Five Below (FIVE) finished their first trading day at $26.50, still up more than 55% from its IPO price.
The Philadelphia-based retailer, which MOREHibah Yousuf - Jul 19, 2012 3:46 PM ET
Not a member yet?Sign up now for a free account
|Delinquent IRS employees paid bonuses by the agency|
|Students cry foul over athletes unionizing|
|Is capitalism driving itself out of business?|
|Sandy Hook victim's grandfather launches smart gun campaign|
|Premarkets: Waiting for big tech earnings|