RETAIL: DG ≠ Consumer Spending

06/04/13 02:14PM EDT

This note was originally published June 04, 2013 at 13:59 in Retail

Don't let Dollar General's weak results today fool you. Consumption is not rolling over en masse. In fact, today's ICSC reading -- which is based on a sample of 80 store chains spanning different demographic groups -- reported the best trends we've seen in over two-years. The results on a 1-week, 3-week, and 12-week basis all turned up sequentially with this morning's reading, which supports Hedgeye's bullish stance on the US Consumer.

1-WEEK ICSC INDEX % CHG

RETAIL: DG ≠ Consumer Spending - 1wk

3-WEEK ICSC INDEX % CHG

 RETAIL: DG ≠ Consumer Spending - 3wk

12-WEEK ICSC INDEX % CHG

RETAIL: DG ≠ Consumer Spending - 12wk

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