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.


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