Dollar General sees ‘cash-strapped consumer,’ cuts guidance

Quick Summary:

The company said its core base of lower-income shoppers had less to spend, as it reported top-line results that were below expectations for Q2.

Dollar General is also progressing toward a goal of a net reduction of 1,000 SKUs across the chain by year end.

However, Feldman said middle-income and more affluent households have stopped trading down to Dollar General.

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Article Details

Author / Journalist: Nate Delesline III

Category: EconomyBusiness

Markets: United StatesMexico

Topics: Company Stores Vasos Dilts Dollar Results General Lower Year Consumer Feldman

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 12:57:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 501 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 22318798

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Official Website: retaildive.com

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News Last Updated: 2 days ago

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