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Dollar General shares tumbled Thursday after the discount retailer slashed its sales and profit guidance for the ... The company now expects fiscal 2024 same-store sales to be up 1.0% to 1.6% ...
But it's expected to report full-year net-sales growth of about 5%, boosted by a modest increase in same-store sales. This is good. Unfortunately, Dollar General's guidance indicated it ...
Dollar General has been modestly growing its same-store sales, but it needs same-store sales growth of more than 3% in order to leverage its expenses and grow its earnings.
On September 15, 2016, Dollar General announced plans to hire 10,000 new employees and open 900 new stores in fiscal 2016 and 1,000 in fiscal 2017. Dollar General operated 13,000 stores as of August 2016. [39] In January 2017, Dollar General opened a concept store in Nashville, Tennessee, called DGX. The DGX store concept focuses on urban ...
Dollar General said quarterly gross profit as a percentage of net sales fell to 30% compared to 31.1% during the same period last year due in part to increased markdowns, increased inventory ...
The company currently operates more than 20,000 stores across the U.S., which can make it challenging to expand into new markets efficiently and without cannibalizing existing store sales.