Dollar General shares crater 25% as retailer cuts outlook

Dollar General’s shares fell 25% after it revised its full-year sales and profit forecasts downward, indicating financial strain among its lower-income customers.

The retailer now expects same-store sales to rise by 1.0% to 1.6% and earnings per share to be between $5.50 and $6.20, lower than previous estimates.

In its second fiscal quarter, Dollar General reported earnings of $1.70 per share on revenue of $10.21 billion, missing analyst expectations, CNBC has reported.

read more: https://www.cnbc.com/2024/08/29/dollar-general-shares-crater-20percent-as-retailer-cuts-outlook-blaming-financially-constrained-customers.html

Links for B.C.

Visit My Website
https://bcbegley.com

Follow Me On Facebook
https://www.facebook.com/B.C.Begley

Subscribe To My Patreon
https://www.patreon.com/bcbegley

Watch Me On YouTube
https://www.youtube.com/channel/UCGoUf-QQTlTN-BIh3ERCE9A

Follow Me On Twitter
https://twitter.com/BC_News1

Watch Me On Rumble
https://rumble.com/c/c-280191

Follow Me On Gab
https://gab.com/BC_Begley

Follow Me On Truth Social
https://truthsocial.com/@BC_Begley

#DollarGeneral