Business
Dollar General Shares Sink as Outlook Calls for Growth to Slow
Dollar General’s DG -3.02%decrease; red down pointing triangle outlook for the year calls for sales growth to slow, as recent winter storms hurt the current quarter and continued uncertainty clouds consumer behavior.
The discount retailer expects a modest negative impact to sales in its fiscal first quarter from severe storms last month that prompted temporary store closures. At the same time, consumer sentiment remains cautious and stagnant, and inflation remains sticky, Chief Financial Officer Donny Lau said on a call with analysts Thursday.
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