News Formal

Dollar General stock drops as 'challenging' economic backdrop drives dismal earnings report

  • 📰 CNBC
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 72%

España Noticias Noticias

España Últimas Noticias,España Titulares

Dollar General said a worse than expected macroeconomic backdrop is impacting its customers spending, leading the discounter to slash its full year outlook.

Dollar General slashed its full year outlook after missing Wall Street's estimates on the top and bottom lines.

The dollar store titan is planning to cut back on planned store openings, including its Popshelf format, which primarily sells discretionary merchandise.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.

In a news release, CEO Jeff Owen said the macroeconomic environment "has been more challenging than expected, particularly for our core consumer." The company believes those headwinds are having a "significant impact" on its customers' "spending levels and behaviors."

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 12. in ES

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Stocks making the biggest moves premarket: Macy's, Salesforce, Dollar General & moreThese are the stocks posting the largest moves in premarket trading.
Fuente: CNBC - 🏆 12. / 72 Leer más »