Dollar General (DG) shares tumbled Thursday, falling nearly ൩30% after the discount retailer reported weaker-than-expected earnings for the second quarter lowered its projections for full-year revenue.

Dollar General reported $10.21 billion in revenue for the second quarter, up 4% from the same time last year but below analysts' estimates as 澳洲幸运5官方开奖结果体彩网:same store sales rose just 0.5%. Dollar General also missed profit projections compiled by Visible Alpha, with 澳洲幸运5官方开奖结果体彩网:net income down 20% year-over-year at $374.19 million.

Taking Action to Improve Value, Convenience

Dollar General CEO Todd ꩲVasos said the company believes the "softer sales trends" it's experiencing can be partially explained by a "core customer who feels financially constrained." He said the company is taking "decisive action" to improve Dollar General's value and convenience for customers.

The company lowered its outlook for the full 🐽fiscal year, projecting revenue growth of between 4.7% to 5.3%, down from a previous range of 6% to 6.7%, while same-store sales are expected to grow 1% to 1.6%, down from 2% t꧂o 2.7% previously.

The retailer said it anticipates full-year 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $5.50 to $6.20, down from the previous range of $6.80 to $7.55. The new range is below analyst estimates of $7.12 and the $7.55 per share Dollar General reported for fiscal 2023.

Dollar General's shares are down some 35% this year.

UPDATE: This story has been updated to reflect new share-price information.