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Stock Market & Financial Investment News

News Breaks
June 27, 2014
09:00 EDTDGDollar General CEO Rick Dreiling announces retirement plans
Dollar General Corporation announced that its chairman and CEO, Rick Dreiling, has informed the Board of Directors of his intent to retire as CEO effective May 30, 2015 or upon the appointment of a successor. Dreiling has agreed to serve, at the discretion of the Board, as chairman during a transition period following the appointment of a new CEO. Dreiling has served as CEO since January 2008 and was named chairman of the Board in December 2008. Dreiling’s retirement date and any agreement regarding continued service on the Board of Directors are expected to be finalized as part of a retirement agreement between Dreiling and the Company. The Board of Directors is conducting an internal and external search for a CEO.
News For DG From The Last 14 Days
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March 20, 2015
15:28 EDTDGDollar General management to meet with Sterne Agee
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March 17, 2015
16:58 EDTDGGIC Private Limited reports 5.02% passive stake in Dollar General
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March 13, 2015
08:15 EDTDGDollar General price target raised to $84 from $79 at UBS
UBS raised its price target on Dollar General to $84 from $79 following its Q4 report, citing accelerating square footage growth, visible comp drivers, stable gross margins, and its capital return strategy. UBS reiterated its Buy rating on Dollar General shares.
08:09 EDTDGDollar General price target raised to $87 from $75 at Jefferies
Jefferies raised its price target for Dollar General to $87 after management announced a plan to speed up store growth in FY17 to 7%. The firm believes better sales and store growth, the $1.3B buyback plan for this year and the initiation of a dividend should drive the stock higher. It keeps a Buy rating on the name.
March 12, 2015
10:33 EDTDGDollar General says making 'solid progress' in CFO search
Dollar General (DG) says has "very promising future" despite failure to acquire Family Dollar (FDO). Says plans to return approx. $1.6B to shareholders during 2015 via dividend, repurchases. Says West Coast port slowdown negatively impacted Q4 by approx. 2c. Says items priced $1-$5 now 76% of sales. Says "cautiously optimistic" for core customers in 2015, says consumers more positive. Sees possible drag to Q1 earnings of 1c-2c per share from West Coast port slowdown. Says business model has "proven resilient." Says making "solid progress" in CFO search, sees CFO appointed in "short period of time." Comments made on the Q4 earnings conference call. Dollar General is up 3.08% to $73.65 in mid-morning trading.
09:21 EDTDGOn The Fly: Pre-market Movers
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07:04 EDTDGDollar General sees FY15 EPS $3.85-$3.95, consensus $3.99
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07:03 EDTDGDollar General says board approved initiation of 22c dividend
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07:02 EDTDGDollar General announces EVP, CFO David Tehle to retire, effective July 1
Dollar General Corporation announced that David Tehle, executive VP and CFO, will retire from Dollar General effective July 1. Dollar General has started a search for a successor and will consider both internal and external candidates for the job.
07:01 EDTDGDollar General reports Q4 EPS $1.17, consensus $1.17
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