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Consumer Spending is Tightening Up… Kind Of
Motley Fool Money
Dollar General's Earnings Report Is Different
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Dollar general is indicating that due to the macroeconomic environment, business has been quite challenging. Their customer base, which is lower income shoppers, are shifting their spending to basic goods and cutting back on discretionary purchases. The metrics that they put forth in this earnings report are really strong,. They were able to tighten their guidance, not raise it, but tighten it because they have a better outlook into the future.
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