Unpacking Dollar General (DG)

Dollar General just posted Q3 2025 earnings. The stock popped because they beat EPS estimates. The narrative? “The turnaround is working.”

The Reality: The “efficiency” driving that cash flow is coming from cutting the very bone of the business—worker safety and store hours. This isn’t growth; it’s cannibalization.

What are you investing in?

What You Get in the Deep Dive:

• The Cash Flow Mirage: Why a 142% jump in Free Cash Flow (FCF) is actually a warning sign.

• The OSHA Tax: How a $12M settlement is just the down payment on their “Social” debt.

• The Helix Position: Why we are fading this rally.

I’ll be analysing Broadcom (AVGO) on 17th Dec, in a live session. Want to join in?

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