DG Stock Recent News
DG LATEST HEADLINES
Dollar General is pulling back on self-checkout as it tries to curtail retail theft across its stores.
Top calls today are Dollar General, Rivian and Discover.
This week, Dollar General Inc. NYSE: DG and Dollar Tree Inc. NASDAQ: DLTR issued earnings reports showing that the lower-income consumers that comprise a significant part of their customer base remain under pressure. Both retail stocks are down after their respective reports.
After seeing retail theft continue, Dollar General implemented three plans to change its checkout strategy. This includes getting rid of the option in 300 stores.
Goldman Sachs Managing Director Kate McShane spoke with Yahoo Finance anchors Seana Smith and Brad Smith about the challenges facing Dollar Tree and Dollar General. Some of the pressures are stemming from shoplifting shrink and also, the low income consumer who is faced with high inflation and reduced government assistance.
Dollar General is cutting back on its offering of self-checkout options, saying it is doing so to improve the customer experience and to reduce inventory shrink. This change follows a year in which the retailer saw an increased level of shrink, the company said in a Thursday (March 14) earnings release.
Dollar General is pulling self-checkout options out of 300 stores. The dollar store is also getting employees involved again at thousands more.
Dollar General Corporation (DG) Q4 2023 Earnings Call Transcript
Dollar General's sales growth has flattened and its profits have dropped. The company is working to fix the problems that are holding it back, but headwinds remain for 2024.
While the top- and bottom-line numbers for Dollar General (DG) give a sense of how the business performed in the quarter ended January 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.