Dollar General Stock Sinks After Company Cuts Outlook

Shares of Dollar General are sinking after the retailer reported a drop in quarterly profit and cut is sales and earnings outlook.

The stock was recently down 16% at $132.06. So far this year, the shares are down around 46%, according to Dow Jones Market Data.

Dollar General’s results are the latest to raise investors’ concerns about the strength of consumer spending and retail theft.

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