Reported about 1 month ago
Dollar General's stock dropped 32% after the company lowered its fiscal 2024 outlook, citing financial struggles among customers. CEO Todd Vasos indicated that many shoppers are increasingly reliant on lower-priced items amid rising financial pressures. The company's earnings report showed weaker-than-expected sales and profits, leading to a downgrade from analysts, who noted the growing competition from retailers like Walmart.
Source: YAHOO