Why Are Dollar General Shares Plunging Today
Portfolio Pulse from Nabaparna Bhattacharya
Dollar General Corporation (NYSE:DG) shares plunged after reporting disappointing Q1 FY23 results, missing earnings and sales estimates. The company also cut its FY23 outlook, citing a more challenging macroeconomic environment than previously anticipated.
June 01, 2023 | 2:04 pm
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Dollar General's Q1 FY23 earnings missed estimates, and the company lowered its FY23 outlook, causing its shares to plunge by 17%.
Dollar General reported lower-than-expected Q1 FY23 earnings and sales, and the company cut its FY23 outlook due to a more challenging macroeconomic environment. This negative news directly impacts the company's stock price, causing it to drop significantly in the short term.
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