1984Echoes Posted August 23 Share Posted August 23 I think that would be fantastic. I vote for the 50 bps in September and then wait until December... to give a bit of time to see the effect of the 50 bps... and then do 25 bps in December and maybe one more 25 bps in early 2025. Quote Link to comment Share on other sites More sharing options...
mtutiger Posted August 28 Share Posted August 28 Any update on the Kamala Krash? Quote Link to comment Share on other sites More sharing options...
Screwball Posted August 29 Share Posted August 29 It was NVDA day. One of the MAGS. Only down around 7% AH. Hyped to the max by bubblevision and the usual hucksters. Got a kick out of the image below if I can post it. As it turned out - a dud - in the big picture. Chart porn of action around the release; https://pbs.twimg.com/media/GWGDV4AWkAAW4kN?format=jpg&name=900x900 Quote Link to comment Share on other sites More sharing options...
Screwball Posted August 29 Share Posted August 29 Under the radar today; Dollar General shares crater 25% as retailer cuts outlook, blaming ‘financially constrained’ customers Down a little over 28% as of 11:48 Quote Link to comment Share on other sites More sharing options...
CMRivdogs Posted August 29 Share Posted August 29 1 hour ago, Screwball said: Under the radar today; Dollar General shares crater 25% as retailer cuts outlook, blaming ‘financially constrained’ customers Down a little over 28% as of 11:48 Maybe if they'd stop building stores within a half mile of the competition. They're using the old philosophy of making the "customer" pass their store on the way to Dollar Tree. It's the old Advance Auto parts strategy. Quote Link to comment Share on other sites More sharing options...
Hongbit Posted August 29 Share Posted August 29 45 minutes ago, CMRivdogs said: Maybe if they'd stop building stores within a half mile of the competition. They're using the old philosophy of making the "customer" pass their store on the way to Dollar Tree. It's the old Advance Auto parts strategy. When your name is Dollar General, it’s hard to raise prices to maintain profitable margins while blaming inflation like every other big consumer company has done. Quote Link to comment Share on other sites More sharing options...
CMRivdogs Posted August 29 Share Posted August 29 (edited) 25 minutes ago, Hongbit said: When your name is Dollar General, it’s hard to raise prices to maintain profitable margins while blaming inflation like every other big consumer company has done. https://money.howstuffworks.com/personal-finance/budgeting/dollar-store.htm Quote According to analysis by The Guardian, paying $1 for a 16-oz (473-milliliter) bottle of milk at a dollar store is the equivalent of paying $8 for a full gallon (3.8 liters), which is more expensive than the fancy organic stuff at Whole Foods. Similarly, the $1 bag of raisins at the dollar store weighs only 4.5 ounces (128 grams), while a 72-ounce (2-kilogram) bag from a big-box store costs $10.50, or 52 percent less per ounce. By shrinking package sizes, dollar stores can get away with charging way more per volume, which is one of the main strategies that dollar stores use to wring the most profit out of every sale. Just because you only paid $1 for that roll of aluminum foil doesn't mean that it's a good deal. The Washington Post reported in 2018 that the Dollar Tree $1 roll of foil was only 15 square feet (1.4 square meters) long, while Walmart sold a 75 square foot (7 square meter) roll for $4.06, the equivalent of more than 18 square feet (2 square meters) per dollar. Of course, if finances are tight, maybe you'd rather pay $1 for 15 feet of foil rather than $4.06 for 75 feet. Dollar-store shopping is a no-frills experience and that's not an accident. By keeping stores small and employees at a minimum, dollar stores are able to convert a larger portion of sales into profit. According to 2012 figures, Dollar Tree captured 35 cents of profit for each dollar of revenue compared to 24.1 cents per dollar at Walmart. For third quarter 2021, figures remained comparable. Dollar Tree had a gross profit margin of 27.5 percent of net sales, while Walmart's was 25 percent. Edited August 29 by CMRivdogs 1 Quote Link to comment Share on other sites More sharing options...
Screwball Posted August 29 Share Posted August 29 1 hour ago, CMRivdogs said: Maybe if they'd stop building stores within a half mile of the competition. They're using the old philosophy of making the "customer" pass their store on the way to Dollar Tree. It's the old Advance Auto parts strategy. If you read their earnings report their net sales were up YOY along with foot traffic in the stores. From their filing; Quote Net sales increased 4.2% to $10.21 billion driven primarily by new stores and a 0.5% increase in same-store sales. Average sales per square foot for all stores over the 52-week period ended August 2, 2024 were $263. Quote Our core customers are often among the first to be affected by negative or uncertain economic conditions and among the last to feel the effects of improving economic conditions, particularly when trends are inconsistent and of an uncertain duration. Our customers continue to feel constrained in the current macroeconomic environment and continue to experience elevated expenses that generally comprise a large portion of their household budgets, such as rent, healthcare, energy and fuel prices, as well as cost inflation in frequently purchased household products (including food). Furthermore, certain of our customers have reported that they are relying on credit cards to purchase basic household items. Accordingly, we expect our customers’ spending to continue to be pressured overall and particularly in our non-consumables categories. As a result of this pressure, we anticipate a heavier promotional environment in the second half of 2024, which could have an impact on our sales and margin results. Quote We continue to experience significant levels of inventory shrink. Although we continue to take actions designed to reduce shrink, including refinement of our self-checkout strategy, and believe these actions are starting to positively impact the trend, we anticipate shrink will nonetheless materially pressure our fiscal 2024 full-year financial results. Quote Link to comment Share on other sites More sharing options...
chasfh Posted August 29 Share Posted August 29 1 hour ago, CMRivdogs said: https://money.howstuffworks.com/personal-finance/budgeting/dollar-store.htm Yes, it's true you can save more per volume at a grocery store, but on the down side, you end up with two kilograms of raisins. Quote Link to comment Share on other sites More sharing options...
Screwball Posted September 4 Share Posted September 4 Another live one, this time Dollar Tree. Reported earnings last night. The carnage begins. Down %25 as of 2:54. Quote Link to comment Share on other sites More sharing options...
gehringer_2 Posted September 4 Share Posted September 4 23 minutes ago, Screwball said: Another live one, this time Dollar Tree. Reported earnings last night. The carnage begins. Down %25 as of 2:54. Investors getting wary of anyone selling chips... Quote Link to comment Share on other sites More sharing options...
gehringer_2 Posted September 4 Share Posted September 4 (edited) Reuters reporting that the White House will block the Nippon Steel purchase of USSteel. https://www.reuters.com/markets/deals/biden-preparing-block-nippons-us-steel-takeover-washington-post-reports-2024-09-04/ Edited September 4 by gehringer_2 Quote Link to comment Share on other sites More sharing options...
Hongbit Posted Wednesday at 05:10 PM Share Posted Wednesday at 05:10 PM Core inflation came in a bit higher than expected this morning which looks to take the possibility of a 50bp cut off the table. Should be a 25bps cut next week. Quote Link to comment Share on other sites More sharing options...
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