Shares of Dollar General Corp. dropped 5.6% toward a one-year low, after the discount retailer reported fiscal first-quarter profit and sales that missed...
Shares of Dollar General Corp. DG dropped 5.6% toward a one-year low, after the discount retailer reported fiscal first-quarter profit and sales that missed Wall Street forecasts and lowered its full-year outlook, citing a macroeconomic environment that has been more challenging to its core customer than expected. Net income for the quarter to May 5 fell to $514.4 million, or $2.34 a share, from $552.7 million, or $2.41 a share, in the year-ago period.
6% toward a one-year low, after the discount retailer reported fiscal first-quarter profit and sales that missed Wall Street forecasts and lowered its full-year outlook, citing a macroeconomic environment that has been more challenging to its core customer than expected. Net income for the quarter to May 5 fell to $514.4 million, or $2.34 a share, from $552.7 million, or $2.41 a share, in the year-ago period. That missed the FactSet consensus for earnings per share of $2.38. Net sales rose 6.
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49 people have been killed at Dollar General stores since 2014. Workers are protesting for safer conditions | CNN BusinessDollar General is the fastest-growing retailer in America, opening about 1,000 stores a year. But following repeated violent incidents and federal workplace safety violations at stores, some Dollar General workers and labor advocates are calling for stronger safety and health protections.
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