08-29-2024, 09:33 AM
This post was last modified 08-29-2024, 10:03 AM by Lynyrd Skynyrd.
Dollar General (DG) stock has plummeted by over 25% in pre-market trading after the discount retailer missed its profit and revenue estimates for the second quarter. The chain also cut its full-year outlook, with CEO Todd Vasos citing "financially constrained" consumers as a major factor for the store's overall softening sales figures.
https://finance.yahoo.com/video/dollar-g...17393.html
This is an economic red flag when the poor can't afford groceries at Dollar General.
One alternate explanation is that 25% of their customers are finding better values elsewhere. The dollar stores have higher profit margins than regular supermarkets, especially when they have been charging more for smaller packages. The dollar stores also often sell suspect food from China.
People that have transportation and the grocery budget to afford larger quantities can shop at discount supermarkets and get better value.
https://finance.yahoo.com/video/dollar-g...17393.html
This is an economic red flag when the poor can't afford groceries at Dollar General.
One alternate explanation is that 25% of their customers are finding better values elsewhere. The dollar stores have higher profit margins than regular supermarkets, especially when they have been charging more for smaller packages. The dollar stores also often sell suspect food from China.
People that have transportation and the grocery budget to afford larger quantities can shop at discount supermarkets and get better value.
