Shocking revelation rocks the nation!*
In a groundbreaking announcement that is sure to send
shivers down the spines of bargain hunters everywhere,
Dollar General Corporation (NYSE: DG) has issued a dire
warning for its fiscal 2024 second quarter: their core
customer base may be running out of money!
Dollar General revealed a 20.6% drop in operating profit
and a 20.2% decrease in diluted earnings per share. But
the real kicker? Their core customers are feeling so
financially constrained that they’re apparently thinking
twice before shelling out for a $1.25 pack of generic gum
or a $3.50 knockoff laundry detergent.
“While we believe the softer sales trends are partially
attributable to a core customer who feels financially
constrained, we know the importance of controlling what
we can control,” said Todd Vasos, Dollar General’s chief
executive officer, who was probably wondering how to
make “financially constrained” sound a bit less like “flat
broke.”
Vassos added, “With the evolving retail and consumer
landscape in mind, we are taking decisive action to further
enhance our value and convenience offering, as well as
the in-store experience for our associates and customers.”
While some might see this as a sign of the times, others
argue that it’s a wake-up call for America to finally address
the glaring wealth gap that’s now affecting even the most
affordable retail chains. After all, when Dollar General is
forced to admit that the poor can’t even afford cheap stuff,
it’s clear that something has gone horribly, horribly wrong.
Original Report:
https://investor.dollargeneral.com/websites/dollargeneral/E
nglish/2120/us-press-
release.html?airportNewsID=128188f7-fa7b-421c-b81d-
