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But Dollar Tree presently has a trailing-12-month net loss, and Dollar General's EPS are down more than 40%. With profits down, a drop in stock price was the probable outcome.
Dollar General is an American chain of discount stores founded in 1939 by James and Cal Turner. It operates over 19,000 stores in the contiguous United States and Mexico, and offers a variety of products at low prices.
Dollar General's core customers have been under a lot of pressure in recent years due to inflation, and even with inflation starting to moderate, these past inflationary pressures are catching up ...
Dollar General CEO Todd Vasos said its “softer sales trends are partially attributable to a core customer who feels financially constrained” and that the chain is sticking to a turnaround plan ...
Family Dollar Stores, Inc. is an American variety store chain. With over 8,000 locations in all states except Alaska and Hawaii, it was the second largest retailer of its type in the United States until it was acquired by Dollar Tree in 2015 when its headquarters operations were moved from Matthews, a suburb of Charlotte, North Carolina, to Chesapeake, Virginia, located in South Hampton Roads.
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 ...
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