Summary of Dollar General struggles as customers cut back on discretionary spending
Summary of Dollar General struggles as customers cut back on discretionary spending
Dollar General lowered its sales and profit forecast for the year due to disappointing sales, partly attributed to low-income shoppers feeling financially constrained. The company is continuing its turnaround plan, but same-store sales are now expected to rise 1% to 1.6%, down from 2% to 2.7% previously forecasted.
quoting nevent1q…fkmgDollar General struggles as customers cut back on discretionary spending
Dollar General lowered its profit forecast for the year as core customers feel "financially constrained," CEO says.
https://www.cbsnews.com/news/dollar-general-target-walmart/
Dollar General lowered its sales and profit forecast for the year due to disappointing sales, partly attributed to low-income shoppers feeling financially constrained. The company is continuing its turnaround plan, but same-store sales are now expected to rise 1% to 1.6%, down from 2% to 2.7% previously forecasted.