While we continue to have concerns about the lower-end consumer, we believe a good deal of Dollar General's issues are company-specific.
More Quotes from Michael Baker:
This is the first beat in a number of quarters, so should be viewed positively.Michael Baker
We believe that lower-income customers tend to shop late, so we wouldn't be surprised to see a pick-up, and ultimately see a December comp in the middle of the range.
Michael Baker
The early read from the Home Depot meeting is mixed, ... Though we feel that the company is generally positive as earnings-per-share estimates should go up, our enthusiasm is tempered by what looks like a lower total sales and comparable sales number for their fourth quarter.
Michael Baker
The short-term impact is pretty clear and pretty obvious, and it's to be expected. Traffic really dropped off. The main effect of Sept. 11 was to exacerbate a trend that was already in place, and that is that consumers were really buying consumables and buying them in discount outlets. How quickly that will turn around Your guess is as good as mine.
Michael Baker
This measure will provide a strong deterrent to those who might be tempted to steal fuel,
Michael Baker
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