Dollar General shares pop on Vasos' return as CEO


Shares of Dollar General (DG) jumped nearly 8% on Friday, as investors drew confidence from the return of former CEO Todd Vasos to the top job to help steer the retailer away from weakening traffic and margin pressure.

“The move is a clear acknowledgment of rising investor concerns about the company’s future related to a clouded business strategy, choppy execution, consistent earnings misses, and a decline in the share price of (about) 60% since Owen took over,” Telsey Advisory Group analyst Joe Feldman said.

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