Dollar General slides alongside peers on diesel-cost warning
-4.62% to $132.69 from $139.11
What moved DG
- Shares fell after Wells Fargo warned that elevated diesel prices could weigh on discount retailers’ margins into 2027, grouping Dollar General with Dollar Tree and Ollie’s Bargain Outlet as exposed to the trend.
- Wells Fargo estimated the industry’s operating-margin hit from fuel costs could widen to about 27 basis points in the third quarter from 18 points in the second.
- The warning came as the US average diesel price reached $6.276 a gallon for the week of October 19, close to the record set in September.
Sources: CNBC · EIA data (via Weekly Diesel)