Dollar General cuts annual sales forecast as American shoppers turn cautious By Reuters

(Reuters) – Dollar General Corp (NYSE:) cut its full-year same-store sales forecast on Thursday as inflation-hit Americans, discouraged by higher prices for everything from home supplies to consumables, tightened spending.

The discount store chain expects fiscal 2023 same-store sales to increase in the range of 1% to 2%, compared with its prior outlook of an increase of 3% to 3.5%. Analysts on average were expecting a rise of 3.76%, according to IBES data from Refinitiv.