1 Growth Stock Down 68% to Buy Right Now

There's no denying that Dollar General (NYSE: DG) shareholders were sucker-punched last week. In response to the discount retailer's second-quarter earnings miss and lowered revenue guidance for the remainder of the year, shares fell 32% on Aug. 29, the stock's worst day ever.Most investors are now more than a little leery of owning a stake in the discount store chain. But if you believe it's darkest before dawn, with the stock now down 68% from its 2022 peak and trading at a seven-year low, this might actually be a prime time to buy shares in this savvily positioned company.Dollar General dished out some serious disappointment with its second-quarter numbers. Although overall sales grew 4.2% year over year to $10.21 billion, growth in same-store sales (comps) was an anemic 0.5%. Operating profits actually fell 20%, dragging per-share profits down from $2.13 a year earlier to $1.70 this time around. Analysts were looking for earnings of $1.79 per share on a top line of $10.37 billion.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool