​Dollar General Shares Crash After Earnings Miss & Outlook Slashed On “Financially Constrained Core Consumer”  – Tyler Durden

Dollar General Shares Crash After Earnings Miss & Outlook Slashed On “Financially Constrained Core Consumer”  Shares of Dollar General Corp. crashed 23.5% to hit levels not seen since 2018 in premarket trading in New York following a disappointing second-quarter earnings report. The nation’s largest discount retailer missed Wall Street’s profit and sales expectations and slashed its full-year forecast. The retailer warned that its core customers “feel financially constrained.”  The discount retailer, which has nearly 19,000 locations in 48 states and 8,000 cities, reported adjusted earnings per share of $1.70 for the second quarter, missing the average estimate of analysts tracked by Bloomberg of $1.79. Revenue…  — Continue at ZeroHedge News : Read More