Dollar General's 2019 profit forecast disappoints, shares fall 6%

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Dollar General reported better-than-expected same-store sales on Thursday, as its customers spent more on groceries at the discount retailer's stores.

Dollar General forecast 2019 profit below analysts' expectations on Thursday as the discount retailer ramps up spending on stores to pull in more customers, sending its shares down nearly 6 percent.

The company said in 2019 it would spend about $50 million to improve distribution of fresh and frozen food, shopping convenience and labor productivity.

 

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What’s going on a lot of stores are failing

Almost every small town in Kansas and Missouri has a dollar general.

Maybe they should hold off on building one every damn 2 miles.... dollargeneralsense

theindicator

and so their new name is Dollar Sargent now.

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