Subject: Re: DG = DLTR
In other words, if we got to operating margins of 7% (almost halfway back to average 2015-2019 margins, which were 13.5), ...

Correction: the data in the table is right, I think, but the above should have read "if we got to operating margins of 7% (almost halfway back to average 2015-2019 margins, which were 9.4%, ...)..." It is the market cap as a multiple of operating earnings that averaged 13.5 from 2015-2019, not the operating earnings margin. The operating earnings margin in the most recent twelve months was 5.0%, so 7.0% would be almost halfway back to 9.4%. Sorry for the slip.

dtb