finance

Dollar General shares drop 26%, marking the steepest intraday decline in its history. The CEO says core customers are "financially constrained"

🇧🇷🇺🇸-  Book: Making Things Think: https://holloway.com/mtt. Investor in Wander, Carry, Footprint, Merkle Manufactory (Farcaster), Dynamic, Paragraph.

oh wow! I helped my grandma buy one of these 3 years ago, thinking it was recession proof...

I've also been receiving three-four calls a week of people trying to sell me more stores this past two months.

@giu I always enjoy your finance updates. thanks!

Thought they were hard pivoting to sell more fresh foods or something … would imagine anything that allows customers to use SNAP benefits would make sense.

Currently seeing the barbell consumers.

Those with wealth spending, and those who receive gov’t support spending what they received.

Also can’t recall where DG is with real estate exposure and corp debt.

Everybody knows what is coming. All hands are in pockets.