Dollar General’s core customers are reining in their spending amid a worse-than-expected macroeconomic backdrop, leading the discounter to slash its full-year outlook after a dismal earnings report Thursday.
Shares of Dollar General plunged nearly 20% Thursday, closing at $161.86 after the retailer missed estimates on the top and bottom lines.
Here’s how Dollar General did in its first fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts by Refinitiv:
Source: CNBC
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