Dollar General forecasts full-year same-store sales below estimates

Dollar General forecasts full-year same-store sales below estimates

News: Dollar General forecasts full-year same-store sales below estimates.

(Reuters) – Dollar General Corp on Thursday forecast annual sales in the same store below estimates, suggesting the introduction of vaccines and a reopening of the economy would result in an unexpectedly sharp slowdown due to a pandemic-triggered food rush.

According to IBES data from Refinitiv, the company expects full-year revenue to decline 4% to 6%, compared to analysts’ estimate of 1.2%.

Reporting from Uday Sampath in Bengaluru; Arrangement by Krishna Chandra Eluri

Original Source © Reuters

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