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Dollar General Drops as Forecast Cut Amid Faltering Turnaround.

Authors :
Kang, Jaewon
Source :
Bloomberg.com; 8/29/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

(Bloomberg) -- Dollar General Inc. cut its full-year sales forecast, a sign that the discounter's turnaround efforts may not be fending off competition.The company said it now expects comparable sales to rise 1% to 1.6% for the year, down from the previous forecast of a 2% to 2.7% increase. The shares fell as much as 16% in trading before US markets opened.©2024 Bloomberg L.P.By Jaewon KangReported by Author [Extracted from the article]

Subjects

Subjects :
STOCK prices
FORECASTING

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
179339709