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Dollar General Misses Q2 Earnings, Lowers View on Soft Sales Trends

Shares of Dollar General Corporation DG fell during the pre-market trading session after the company reported lower-than-expected second-quarter results and revised its fiscal 2024 guidance downward due to sluggish sales trends. The same-store sales growth rate also decelerated compared to the preceding quarter.

The quarterly earnings of $1.70 per share missed the Zacks Consensus Estimate of $1.79 per share and declined 20.2% from the prior-year period.

Net sales of $10,210.4 million fell short of the Zacks Consensus Estimate of $10,378 million. Despite registering an increase of 4.2% year over year, net sales came below management’s expectations as consumers became more cautious with their purchases.

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