Dollar General stock jumps after it brings back former CEO to jolt slowing sales growth
Publishing timestamp: 2023-10-12 17:23:00
Summary
Former Dollar General CEO Todd Vasos is returning to lead the company once again. The company has seen sales growth slow and has faced criticism for having an unsafe environment for both employees and customers. The former CEO, Jeff Owen, has been replaced by Vasos, who aims to restore stability and confidence in the company. Dollar General shares jumped more than 6% in extended trading after the announcement.
Sentiment: MIXED
Tickers: DG,
Keywords: dollar general corp, u.s. economy, earnings, weather, breaking news: business, business news, retail industry,