Thursday, September 19, 2024 | Baltimore, MD
Baltimore, MD
81°
Partly Cloudy
FOLLOW US:

Dollar General shares crater 20% as retailer cuts outlook, blaming ‘financially constrained’ customers

August 29, 2024

Dollar General shares tumbled on Thursday after the discount retailer slashed its sales and profit guidance for the full year, suggesting its lower-income customers are struggling in this economy. Shares of the retailer which caters to more rural areas tumbled 20% in premarket trading following the earnings report.

Article Source: CNBC

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.