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

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

Dollar General DG Q1 earnings report 2023

(Bloomberg) -- In case there was any doubt, the lower-income US consumer is in full retreat.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Passes the House, Easing US Default ConcernsWall Street Banks Are Using AI to Rewire the World of FinanceBillionaire Perot Warns of Real Estate Recession as Loans Dry UpDollar General Corp.’s shares plunged 21% — the most on record — after the discount retaile(Bloomberg) -- In case there was any doubt, the lower-income US consumer is in full retreat.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Passes the House, Easing US Default ConcernsWall Street Banks Are Using AI to Rewire the World of FinanceBillionaire Perot Warns of Real Estate Recession as Loans Dry UpDollar General Corp.’s shares plunged 21% — the most on record — after the discount retaile

Dollar General Forecast Shows Just How Much Shoppers Are Hurting

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Dollar General Corporation (DG) traded lower on Thursday in the premarket session after falling short of estimates with its Q1 earnings report and slashing sales guidance. Read more.Dollar General Corporation (DG) traded lower on Thursday in the premarket session after falling short of estimates with its Q1 earnings report and slashing sales guidance. Read more.

Dollar General slides after macro headwinds contribute to earnings miss, guidance slash | Seeking Alpha

Dollar General (DG) is scheduled to announce Q1 earnings results on Thursday, June 1st, before market open.The consensus EPS Estimate is $2.39 (-0.8% Y/Y) and the consensus Revenue...Dollar General (DG) is scheduled to announce Q1 earnings results on Thursday, June 1st, before market open.The consensus EPS Estimate is $2.39 (-0.8% Y/Y) and the consensus Revenue...

Dollar General Q1 2024 Earnings Preview (NYSE:DG) | Seeking Alpha

Why Are Dollar General (DG) Shares Plunging Today - Dollar Gen (NYSE:DG) - Benzinga

Dollar General Corp cut its sales and profit forecasts for the year on Thursday as Americans, pinched by higher prices, shopped more for essentials and pared back purchases in categories including home goods and clothes, leading its shares down as much as 20%.Dollar General Corp cut its sales and profit forecasts for the year on Thursday as Americans, pinched by higher prices, shopped more for essentials and pared back purchases in categories including home goods and clothes, leading its shares down as much as 20%.

Dollar General prunes annual outlook as shoppers curb spending; shares slide | Reuters

Dollar General's stock tumbled Thursday after the discount retailer reported disappointing fiscal first-quarter results and cut its full-year outlook.Dollar General's stock tumbled Thursday after the discount retailer reported disappointing fiscal first-quarter results and cut its full-year outlook.

Dollar General stock suffers record selloff after profit miss, lowered outlook - MarketWatch

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Presenter SpeechJeffery Owen Well, good morning, and welcome to Dollar General Corporation's 2023 Annual Meeting of Shareholders. My name is Jeff Owen, and I'm the CEO of Dollar General, and the Board... | June 1, 2023Presenter SpeechJeffery Owen Well, good morning, and welcome to Dollar General Corporation's 2023 Annual Meeting of Shareholders. My name is Jeff Owen, and I'm the CEO of Dollar General, and the Board... | June 1, 2023

Transcript : Dollar General Corporation - Shareholder/Analyst Call | MarketScreener

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Trading Dollar General $DG With Integrated Risk Controls

. DG Stock dented -16%. Key Stats for Dollar General. DG Key Stats Compared. Largest Market Cap Changes in Last 12 Months. More from Trefis. Dollar General Insights. Invest in Market-Beating Trefis Portfolios.

Dollar General (DG) worth $37 Bil (down $-7.2 Bil), still more valuable than D.R. Horton | Trefis

(Reuters) - Dollar General Corp cut its full-year same-store sales forecast on Thursday as inflation-hit Americans, discouraged by higher prices for e...

Dollar General cuts annual sales forecast as American shoppers turn cautious | WIN 98.5 Your Country | WNWN-FM | Battle Creek, MI

Dollar General (DG) on Thursday slashed its fiscal 2023 outlook due to more challenging macroeconomic headwinds, as the discount retailer's first-quarter results missed market expectations. The company now anticipates per-share earnings to be flat to down 8% for the year, down from its previous projection of 4% to 6% growth. Sales are set to rise by 3.5% to 5%, down from the prior forecast of a 5.5% to 6% increase. Same-store sales growth is...

Dollar General Slashes Fiscal 2023 Outlook as First-Quarter Results Miss Views

Dollar General's stock tumbles toward its worst day ever after missing earnings views, cutting outlook | Morningstar

On May 30, 2023, Joseph Feldman, an analyst at Telsey Advisory Group, reiterated his positive outlook on Dollar General Corp (NYSE: DG). FeldmanOn May 30, 2023, Joseph Feldman, an analyst at Telsey Advisory Group, reiterated his positive outlook on Dollar General Corp

Analyst Reiterates Positive Outlook on Dollar General Corp with 242 Price Target - Best Stocks

The Motley Fool

Dollar General Corporation (NYSE: DG) reported its first quarter 2023 earnings results today. Net sales increased 6.8% year-over-year to $9.3 billion, driven mainly by positive sales contributions from new stores and growth in same-store sales. Same-store sales rose 1.6%, driven by an increase in average transaction amount. Net income of $514.4 million was down 6.9% compared […]

DG Earnings: All you need to know about Dollar General’s Q1 2023 earnings results | AlphaStreet

Dollar General Corp. (NYSE:DG) has reported an earnings miss and cut its full-year guidance as customers in its target market cut back on spending due to...

Dollar General Corp. stock sinks as it cut guidance due to challenging environment

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Dollar General reports a disappointing Q1 and trims future guidance. Jim Cramer discussed Dollar General stock on CNBC's Squawk on the Street.

Cramer dubs pain justified as Dollar General stock hit on guidance

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Dollar General cut its sales and profit forecasts for the year on Thursday as Americans, pinched by higher prices, shopped more for essentials and pared back pu...Dollar General cut its sales and profit forecasts for the year on Thursday as Americans, pinched by higher prices, shopped more for essentials and pared back pu...

Dollar General Cuts Annual Outlook As Shoppers Curb Spending | ESM Magazine

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As of May 30, 2023, Oppenheimer analyst Rupesh Parikh has maintained his Outperform rating on Dollar General (NYSE:DG), but has lowered the price targetAs of May 30, 2023, Oppenheimer analyst Rupesh Parikh has maintained his Outperform rating on Dollar General (NYSE:DG), but has

Oppenheimer Analyst Maintains Outperform Rating on Dollar General Lowers Price Target - Best Stocks

On May 26, 2023, Dollar General (DG) received an upgrade from Mixed to Positive by OTR Global. The upgrade suggests that OTR Global has high hopes for theOn May 26, 2023, Dollar General (DG) received an upgrade from Mixed to Positive by OTR Global. The upgrade suggests

Dollar General Receives Positive Upgrade from OTR Global Following International Expansion Plan Announcement - Best Stocks

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On May 31, 2023, Dollar General (DG) is scheduled to release its Q1 2023 earnings report on Thursday, June 1, before the market opens. According toOn May 31, 2023, Dollar General (DG) is scheduled to release its Q1 2023 earnings report on Thursday, June 1,

Previewing Dollar Generals Q1 2023 Earnings Report - Best Stocks

On June 1, 2023, Dollar Gen (NYSE:DG) received a positive rating from Telsey Advisory Group analyst Joseph Feldman who reiterated an Outperform rating andOn June 1, 2023, Dollar Gen (NYSE:DG) received a positive rating from Telsey Advisory Group analyst Joseph Feldman who reiterated

Dollar Gen Receives Positive Rating from Telsey Advisory Group Analyst - Best Stocks

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(Reuters) -Dollar General Corp cut its sales and profit forecasts for the year on Thursday as Americans, pinched by higher prices, shopped more for essentials and pared back purchases in categories including home goods and clothes, leading its shares down as much as 20%. The discount store chain saw traffic to its stores decline during the quarter as its low- to middle-income customer base shifted away from discretionary goods like clothing and houseware - a challenging trend seen across retailers. Low-cost retailers like Dollar General face stiff competition from bigger retailers like Walmart in the grocery and food business, which has lifted its annual outlook as it offers lower prices on groceries compared to rivals Target Corp.(Reuters) -Dollar General Corp cut its sales and profit forecasts for the year on Thursday as Americans, pinched by higher prices, shopped more for essentials and pared back purchases in categories including home goods and clothes, leading its shares down as much as 20%. The discount store chain saw traffic to its stores decline during the quarter as its low- to middle-income customer base shifted away from discretionary goods like clothing and houseware - a challenging trend seen across retailers. Low-cost retailers like Dollar General face stiff competition from bigger retailers like Walmart in the grocery and food business, which has lifted its annual outlook as it offers lower prices on groceries compared to rivals Target Corp.

Dollar General prunes annual outlook as shoppers curb spending; shares slide

GOODLETTSVILLE, Tenn. (AP) — GOODLETTSVILLE, Tenn. (AP) — Dollar General Corp. (DG)...GOODLETTSVILLE, Tenn. (AP) — GOODLETTSVILLE, Tenn. (AP) — Dollar General Corp. (DG)...

Dollar General: Fiscal Q1 Earnings Snapshot

GOODLETTSVILLE, Tenn. (AP) — GOODLETTSVILLE, Tenn. (AP) — Dollar General Corp. (DG)...GOODLETTSVILLE, Tenn. (AP) — GOODLETTSVILLE, Tenn. (AP) — Dollar General Corp. (DG)...

Dollar General: Fiscal Q1 Earnings Snapshot

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