Dollar General Cuts FY23 Net Sales Growth Outlook From 5.5%-6% To 3.5%-5.0%
Portfolio Pulse from Benzinga Newsdesk
Dollar General has reduced its FY23 net sales growth outlook from 5.5%-6% to 3.5%-5.0%.
June 01, 2023 | 10:59 am
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NEGATIVE IMPACT
Dollar General's lowered FY23 net sales growth outlook may negatively impact its stock price in the short term.
Dollar General's lowered net sales growth outlook for FY23 indicates that the company may face challenges in achieving its previous growth targets. This could lead to a negative sentiment among investors, potentially causing a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100