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Giuliano Giacaglia ๐ฒ
@giu
Dollar General shares drop 26%, marking the steepest intraday decline in its history. The CEO says core customers are "financially constrained"
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BrixBountyFarm ๐ฉ
@brixbounty
Thought they were hard pivoting to sell more fresh foods or something โฆ 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 govโt support spending what they received. Also canโt recall where DG is with real estate exposure and corp debt.
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adnum
@adnum
Everybody knows what is coming. All hands are in pockets.
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moonowl.eth
@moonowl.eth
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!
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raquo
@raquo.eth
did you believe Walgreens when they said they were closing stores due to retail crime too?
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sean
@swabbie.eth
but don't they do better during recessions?
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Kazi
@kazi
oh boy :/
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/ / / / . KNNYยฎ
@knny
If every DG had a selection of affordable fresh food, that would probably fix all the problems surrounding the public perception of DG
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Archilles เผ ๐ฉ
@archilles
This is crazy canโt lie
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law
@traguy.eth
โCore customers are financially constrainedโ is crazy to say ngl๐ In the midst of all these lmao.. are there any plans to expand or enhance the company's e-commerce capabilities, with the crazy growing importance of online shopping?
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Hogan Prison no 619
@hoganthereformed
Do you actively traded all these sorts of assets?
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wetsocks
@wetsocks.eth
you would think discount stores would preform really well when customers are 'financially constrained' wild times we live in
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Wen ๐ธ
@wenedy
Damn, wondering what could be the cause
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