Dollar General Suffers Worst Day on Record, CEO Warns: Poor Consumers Are Running Out of Money
Dollar General suffered a record one-day drop as the company’s stock tanked amid a warning about the struggling U.S. consumer.
The Thursday trading day marked a slaughter for Dollar General, seeing the stock crater by an eye-watering 32.01 percent, according to Barron’s.
It was the company’s worst one-day decline in history, smashing the previous record drop of 19.5 percent set on June 1, 2023. Dollar General has been publicly traded since 2009.
Dollar General is no small player.
According to the Financial Times, the Tennessee-based company has over 20,000 locations across all but two states.
The retailer’s painful decline hints at larger troubles with consumers and the American economy.
