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%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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."

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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