Dollar General CEO says ‘financially constrained' consumers partially to blame for softer demand
GM(GM) Fox Business·2024-08-29 23:42
Dollar General stock plunged 27% on Thursday after the company released second quarter financial results that showed softening consumer demand and prompted a cut to its annual sales and profit forecast. The company's operating profit decreased by 20.6% to 1.70. Its net sales for the quarter were 10.37 billion, according to LSEG data.The discount store operator and rival Dollar Tree have be ...