(Reuters) – Dollar General cut its annual same-store sales forecast on Thursday as it expects customers to remain under pressure from still-high inflation and pull back on discretionary spending.
The discount retailer now expects fiscal 2023 same-store sales in the range of a 1% decline to 1% growth, compared with its prior outlook of an increase of 1% to 2%.
Analysts on average were expecting a growth of 1.45%, according to Refinitiv IBES data.
(Reporting by Savyata Mishra in Bengaluru; Editing by Pooja Desai)
