Shares in bargain stores saw some selling on Thursday after Dollar General Corp.’s (NASDAQ:DG) results failed to impress the market.
The numbers weren’t bad. Third-quarter earnings were better than expected, although down year-on-year due to some “tough customer spending trends and ongoing business investment,” according to analysts at Telsey Group.
Dollar General maintained its full-year 2023 earnings outlook as sales increased over the quarter and the company reported positive traffic numbers.
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