Reported 4 months ago
Dollar General warned of price-sensitive customers affecting demand for discretionary items amid inflation. Despite a positive first quarter with increased store visits for budget-friendly groceries, the company faces challenges with Americans favoring consumables over non-essential goods, leading to lower profitability. Intense competition from big retailers and online platforms is also impacting sales, with Dollar General expecting modest growth in sales and profits due to the ongoing value-driven consumer behavior and market dynamics.
Source: YAHOO