Dollar General's supply chain stumbles dent annual profit forecast
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Dollar General (DG) shares slide as profit impacted by increased product costs
December 1, 2022 1:41 PM ESTDollar General shares plunged Thursday after the company reported third-quarter earnings before the open, missing earnings estimates.
The discount retail company's earnings per share came in at $2.33, $0.21 worse than the analyst estimate of $2.54, while revenue topped the consensus estimates at $9.5 billion versus the consensus estimate of $9.42 billion.
Dollar General shares are down more than 8% at the time of writing.
Net sales increased by 11.1%, while same-store sales grew 6.8% during the quarter, while the company said there was a "modest increase" in customer traffic. Dollar General also faced higher... More
