Tag: $Dollar General Corp

Shares in Dollar General (DG) tumbled Thursday even after the discount retailer posted quarterly earnings and sales that beat consensus expectations.

Dollar General raised its annual profit forecast after beating third-quarter earnings estimates on Thursday, banking on resilient demand at its discount stores, as well as its efforts to cut costs and reduce inventory-related damages.

Shares of Dollar General(DG) popped in premarket trading Thursday after the value retailer posted strong second-quarter earnings and hiked its fiscal-year guidance.

Dollar General Corp.’s stock soared toward a more-than nine month high in early trading Tuesday, boosted by fiscal first-quarter results that beat Wall Street’s top- and bottom-line expectations, and an improved full-year outlook.

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%.