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.
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.
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.
Like in game theory!!!
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