Discount retailer Dollar General has adjusted its annual sales forecast downward, citing weaker-than-expected spending by its core customer base amid higher prices and hurricane-related expenses. The company now expects comparable sales to rise 1.1% to 1.4%, down from a previous range of 1% to 1.6%. This revision underscores the challenges faced by Dollar General in attracting bargain-hunting shoppers whose purchasing power has been eroded by rising costs.
Source: https://www.bloomberg.com/news/articles/2024-12-05/dollar-general-narrows-full-year-forecast-on-weak-spending