DG - Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed on Behalf of Dollar General Corporation (DG) Investors and Encourages Investors to Contact the Firm Before January 26 2024 | Benzinga

NEW YORK, Dec. 13, 2023 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Middle District of Tennessee on behalf of those who acquired Dollar General Corporation ("Dollar General" or the "Company) (NYSE:DG) securities during the period from May 28, 2020 through August 31, 2023, inclusive (the "Class Period"). Investors have until January 26, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

On February 23, 2023, Dollar General announced that Q4 2022 sales and earnings would come in materially below what the Company had led investors to expect as recently as December 2022. On this news, the price of Dollar General shares declined by $8.16 per share, or approximately 3.62%, from $225.27 per share on February 22, 2023 to close at $217.11 on February 23, 2023.

On March 16, 2023, Dollar General revealed, among other things, that it missed its prior annual net sales guidance by approximately $140 million. On this news, the price of Dollar General shares declined by $6.47 per share, or approximately 3%, from $218.56 per share on March 15, 2023 to close at $212.09 on March 16, 2023.

Thereafter, on June 1, 2023, Dollar General reported Q1 2023 revenue of $130 million below analyst estimates. The Company also slashed its full year ...

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