DG - Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Dollar General Corporation (DG) | Benzinga
LOS ANGELES, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming January 26, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Dollar General Corporation ("Dollar General" or the "Company") (NYSE:DG) securities between February 23, 2023 and August 31, 2023, inclusive (the "Class Period").
If you suffered a loss on your Dollar General investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/Dollar-General-Corporation-1/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.
On February 23, 2023, Dollar General released its preliminary fourth quarter 2022 and fiscal year 2022 financial results, disclosing that fourth quarter sales and earnings would come in significantly lower than expected due to lower sales and higher inventory damages. On this news, Dollar General's stock price fell $8.16, or 3.6%, to close at $217.11 per share on February 23, 2023, thereby injuring investors.
Then, on March 16, 2023, Dollar General released its final fourth quarter 2022 and fiscal year 2022 financial results, revealing that the Company's net sales had risen on 17.9% year-over-year for the quarter, and only 10.6% year-over-year for the full year. The Company blamed the poor results on a "decrease in customer traffic" as an "impact of store closures." On this news, Dollar General's stock price fell $6.47, or 3%, to close at $212.09 per share on March 16, 2023.
Then, on June 1, 2023, Dollar General reported disappointing first quarter 2023 financial results with revenue falling $130 million below analyst estimates. Additionally, the ...
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