• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

Dollar General CEO warns consumers are cash-strapped and says 2025 won’t be better

by March 14, 2025
written by March 14, 2025

Dollar General CEO Todd Vasos said on Thursday that inflation continues to hurt the discounter’s customers and that the macroeconomic environment won’t improve this year.

On the company’s fourth-quarter earnings call, Vasos said customers are expecting value and convenience “more than ever” from the dollar-store chain.

“Our customers continue to report that their financial situation has worsened over the last year, as they have been negatively impacted by ongoing inflation. Many of our customers report they only have enough money for basic essentials, with some noting that they have had to sacrifice even on the necessities,” Vasos said. “As we enter 2025, we are not anticipating improvement in the macro environment, particularly for our core customer.”

Dollar General’s core consumer is “always strained” due to their economic status, but also resourceful, Vasos said.

“We’ve started to see where [our customer is] getting her sea legs, if you will, on the additional inflation that’s been very sticky out there, and she’s starting to understand her budgets even more,” Vasos said.

Part of the uncertainty, Vasos said, stems from the potential impact of President Donald Trump’s tariffs on the consumer.

When Trump imposed tariffs during his first term in office in 2018 and 2019, Dollar General had to raise some prices in line with others in the industry, Vasos said. But the general store was able to mitigate the impact back then and is “well positioned” to do so again this year, he said.

“Given the already stressed financial condition of our core customer, we are closely monitoring these and any other potential economic headwinds, including any changes to government entitlement programs,” Vasos said.

CFO Kelly Dilts said the company’s 2025 guidance factors in continued economic pressure on the consumer, but does not account for further changes to tariff policy or government initiatives like the Supplemental Nutrition Assistance Program, which subsidizes food for low-income Americans.

For the fourth-quarter, Dollar General said same-store sales growth of 1.2% was driven entirely by 2.3% growth in average transaction. Customer traffic fell 1.1% during the period, “impacted by ongoing financial pressures of our core consumer,” Vasos said.

Alongside its fourth-quarter earnings, Dollar General said Thursday it would close 96 Dollar General stores and 45 Popshelf stores and will convert six other Popshelf stores into flagship banner locations this year. Popshelf primarily serves higher-income shoppers with lower-priced products.

Shares of Dollar General rose 5% Thursday morning.

This post appeared first on NBC NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Trump has the opportunity to stop Iran from going nuclear
next post
Clinton-era law ‘weaponized’ by Biden against pro-lifers must go, Pence group urges House GOP

related articles

Dick’s Sporting Goods stands by full-year guidance —...

May 28, 2025

Macy’s CEO says retailer will hike some prices...

May 28, 2025

23andMe to delist from Nasdaq, deregister with SEC

May 28, 2025

Walmart fined for shipping realistic toy guns to...

May 28, 2025

Why Trump’s iPhone tariff threat might not be...

May 25, 2025

Trump clears Nippon merger with U.S. Steel

May 24, 2025

United Airlines reaches ‘industry-leading’ labor deal with flight...

May 24, 2025

FTC drops Biden-era suit accusing Pepsi of price...

May 23, 2025

How UnitedHealthcare became the face of America’s health...

May 22, 2025

Burger King targets families through movie partnerships in...

May 22, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Ethereum is struggling with support this week

    August 21, 2024
  • Biden-appointed federal judge keeps blocking Trump admin from nixing funding for lawyers for migrant children

    April 30, 2025
  • Early voting means ‘election season’ has already begun

    September 19, 2024
  • Terror attack rocks Israel; three buses reportedly explode

    February 20, 2025
  • Trump judge still awaiting Manhattan DA’s sentencing recommendation

    November 19, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,691)
  • Investing (624)
  • Stock (770)

Latest Posts

  • Harris likens Trump to Hitler in scathing remarks, says he wants same military loyalty as German dictator

    October 24, 2024
  • October Fests: A potpourri of late election-year ‘surprises’ shake up most races, history shows

    October 26, 2024
  • Trump campaign clarifies after candidate jokes about shooting ‘through the fake news’ in Pennsylvania

    November 3, 2024

Recent Posts

  • Where Trump’s Cabinet nominees stand in Senate confirmation process

    January 30, 2025
  • Trump AG nominee Pam Bondi advances to final Senate vote

    February 4, 2025
  • AOC fundraises on trying to abolish ICE amid Trump’s crackdown on illegal immigration

    May 28, 2025

Editor’s Pick

  • Netanyahu publicly backs Israel-Hezbollah cease-fire plan

    November 26, 2024
  • Fox News Poll: Obama, RFK Jr., and Taylor Swift more popular than Harris, Trump

    October 17, 2024
  • McDonald’s McValue menu debuts for 2025: how will competitors respond?

    January 7, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock