DG

Dollar General cuts holiday-quarter profit, sales forecast

Credit: REUTERS/Jim Young

Feb 23 (Reuters) - Dollar General Corp DG.N on Thursday lowered its holiday-quarter sales and profit forecasts as heavy discounts and higher costs ate into margins.

The company now expects fourth-quarter earnings to be between $2.91 per share and $2.96 per share, compared to its prior forecast of $3.15 per share to $3.30 per share.

(Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Savio D'Souza)

((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.