Is Dollar General in Trouble? New Outlook, ‘Financially Constrained’ Customers Spark Major Concerns!  

Dollar General’s shares have plummeted after the company slashed its sales and profit forecasts for the full year, highlighting the financial struggles of its lower-income customers. The retailer, which primarily serves rural areas, now expects fiscal 2024 same-store sales growth of 1.0% to 1.6%, down from its previous forecast of 2% to 2.7%. Earnings per share are projected to be between $5.50 and $6.20, significantly lower than the prior estimate of $6.80 to $7.55. The company also missed quarterly expectations, reporting earnings of $1.70 per share on $10.21 billion in revenue.