Tag: $Dollar General Corp

Dollar General on Thursday forecast annual sales and profit targets below estimates, joining a growing list of retailers that have signalled a grim year as still-high inflation and economic uncertainty dent consumer spending.

Dollar General shares tumbled on Thursday after the discount retailer slashed its sales and profit guidance for the full year, suggesting its lower-income customers are struggling in this economy.

Dollar General Corp cut its sales and profit forecasts for the year on Thursday as Americans, pinched by higher prices, shopped more for essentials and pared back purchases in categories including home goods and clothes, leading its shares down 14%.