Key Takeaways
- Dollar General says it expects to end the fiscal year with modest sales growth.
- Its shares were recently down some 3% on Thursday, extending a rough year for the shares.
- The retailer is working to expand and improve its stores while its core consumer deals with financial pressure, the CEO said.
Dollar General (DG) shares dropped, extendin👍g a rough year for the stock, after the discount retailer offered a tighter full-year outlook while reporting its th🌺ird-quarter results.
The company fine-tuned its forecast for the year, projecting 2024 same-store sales growth of 1.1% to 1.4%, rather than a previously offered 1% to 1.6%. Dollar General also offered a more precise t꧟otal sales growth projection, predicting it would grow 4.8% to 5.1% in 20ꦉ24.
The parent company of Dollar Tree (DLTR) and Family Dollar also narrowed its 澳洲幸运5开奖号码历史查询:end-of-year projections yesterday. Its shares fell Thursday, while shares of Five Below (FIVE) climbed after it reported a "solid" Black Friday performance and 澳洲幸运5开奖号码历史查询:raised its outlook for the year.
Dollar General shares were recently dow꧟n more than 3%, leaving them off some 45% this year.
CEO Todd Vasos said Dollar General was working to serve 💝a clientele💟 that is “financially constrained.” He noted the company planned to open more stores and revamp existing ones in 2025.
"We have continued to improve our execution and the customer experience in our stores," he said.