Consumer
Dollar General’s Outlook Disappoints After Stock’s Big Run
Dollar General had been benefiting from consumers seeking its deals and lower prices.
Photographer: Adam Gray/BloombergDollar General Corp. forecast sales in-line with analyst estimates, slowing momentum for a company that had routinely been exceeding Wall Street expectations.
Comparable sales this fiscal year will gain 2.2% to 2.7%, the company said. Analysts on average projected 2.45%. Its range for earnings per share came in slightly above projections.