Dollar General Scales Back Guidance After Quarterly Results Fall Short of Target

Dollar General Scales Back Guidance After Quarterly Results Fall Short of Target·The Wall Street Journal
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Dollar General shares dropped 32% after the country’s largest dollar-store operator slashed its outlook for the year in a bleak sign for its turnaround and its core customers. The company’s stock on Thursday fell to $84.03 a share, its largest percentage decrease on record. Dollar General said its full-year sales would grow at most by 5.3%, down from previous sales guidance of up to 6.7% growth.

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