Reported 4 months ago
Dollar General reported positive first-quarter earnings with a 6% gain in net sales to $9.91 billion, exceeding Wall Street estimates. Despite this, the company's shares dropped by 9% as CFO Kelly Dilts mentioned an anticipated increase in price sensitivity among consumers in 2024, leading to concerns about a more promotional environment and greater headwinds than previously expected. The company's commentary during the earnings call regarding challenges in booking profits with higher costs and increased competition also contributed to the decline in share value.
Source: YAHOO