Dollar General’s shares sink as its ‘financially constrained’ customers feel the pinch ...Middle East

News by : (News channel) -
By Jordan Valinsky, CNN New York (CNN) — Low-income consumers feeling a pinch in the economy are leading to lower-than-expected sales for Dollar General, as the budget-friendly retailer slashed its sales and profit outlook for the year. Its shares sank more than 24% in premarket trading following the release of its earnings Thursday, in which the company said it expects same-store sales to grow between 1% to 1.6% — a drastic reduction from the 2% to 2.7% it had previously forecast for the year. Dollar General CEO Todd Vasos said that its “softer sales trends are partially attributable to a core customer who feels financially constrained” and that the chain is sticking to a turnaround

Hence then, the article about dollar general s shares sink as its financially constrained customers feel the pinch was published today ( ) and is available on News channel ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Dollar General’s shares sink as its ‘financially constrained’ customers feel the pinch )

Last updated :

Also on site :

Most Viewed News
جديد الاخبار