Reported about 1 month ago
Dollar General's stock experienced a dramatic 32% decline after the company revised its sales outlook downwards, attributing the change to financially strained customers. CEO Todd Vasos noted a shift in consumer behavior, with shoppers prioritizing essential items priced at $1 or less due to financial constraints. This performance marks a significant setback for Dollar General, as rival retailers like Walmart continue to gain market share. The company's quarterly earnings also fell short of expectations, prompting a rating downgrade from analysts.
Source: YAHOO