Dollar General cuts annual sales forecast on weaker discretionary demand-February 2024-www.financetom.com

Dollar General cuts annual sales forecast on weaker discretionary demand

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Dollar General cuts annual sales forecast on weaker discretionary demand

Aug 31, 2024 7:02 PM

Aug 29 (Reuters) - Discount retailer Dollar General ( DG )

cut annual same-store sales forecast on Thursday, as

cost-conscious customers cut back spending on its higher-margin

goods to prioritize essential purchases.

The company expects fiscal 2024 same-store sales to be up

1.0% to 1.6%, compared with prior forecast of 2% to 2.7% rise.

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