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Investigation Details
Dollar General lowered its outlook for same-store sales and earnings per share on August 29, 2024. According to CNBC, CEO Todd Vasos said, “”While we believe the softer sales trends are partially attributable to a core customer who feels financially constrained, we know the importance of controlling what we can control.”
Following this news, shares of Dollar General dropped 32% on the same day. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
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