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Dollar General shares crater 20% as retailer cuts outlook, blaming 'financially constrained' customers (www.cnbc.com)

submitted 3 months ago by MicroWave to c/economics

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Dollar General shares tumbled on Thursday after the discount retailer slashed its sales and profit guidance for the full year, suggesting its lower-income customers are struggling in this economy.

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[–] [email protected] 23 points 3 months ago (2 children)

Ohh shocker price gouging has consuques.

Firs they compete who can fuck over the peasant more, then they go out of business one by one as people either adjust to what they can afford or go homeless.

Welcome to 2024 America

[–] [email protected] 11 points 3 months ago (2 children)

From a corporate analyst perspective, each of these companies working in isolation thought they had the breathing room to increase their prices and profits. Double the price, sell more than half that you used to, boom profit goes up. But I think too many companies did it at once, and too many costs rose in necessities, and they ate into each others lunches.

[–] [email protected] 3 points 3 months ago

a civilized way to communicate this message.

Thank you for the service!

[–] [email protected] 3 points 3 months ago

Like in game theory!!!!

[–] Kintarian 7 points 3 months ago

I was just about to say that maybe people finally figured out that Dollar General is screwing them.