August 30, 2024, Austin, the outside part of a dollar overall flexibility store in Texas.
Brandon Bell | Getty pictures
Dollars total CEO Todd Vasos, inflation on Thursday, protracted, and continues to damage its customers and the macroeconomic environment will improve this year.
Vasos, the company’s fourth quarterly profit call, said that customers expect value and comfort from the dollar store “more than ever”.
“Our customers say the financial situation in the past year has been deteriorating.” As we have entered 2025, we do not expect improvement in a macro environment specifically. “
Vasos said that the main consumer of the dollar generals is “always tense” and competent.
“Where (our customer) began to see the sea feet, if it is, it begins to understand additional inflation, which is very sticky there,” Vasos.
Part of the uncertainty, Vasos, President Donald Trump said the potential impact of tariffs for consumers said.
Trump, in 2018 and 2019, when the tariffs are applied in the first period, the total prices of the dollar have to train in the industry in the industry. However, the general store was able to reduce the effects and said, “Good placed,” to do it again this year.
“Given the stressful financial situation of our main customers, we can make any changes in the government’s right programs, including any other potential economic headlines,” Vasos.
CFO Kelly Dilts does not take into account the factors of the company’s consumer-sustainable economic pressure, but the additional nutritional assistance program for low-income Americans, but does not take into account the further changes to the tariff policy or government initiatives.
In the fourth quarter, the $ 1.2% increase in the same store increased by a 2.2% increase in the same store increased by 2.3%, he said. During the period, the client traffic was 1.1%, “our main consumer was affected by the ongoing financial pressure,” he said.
Along with the fourth quarter gain, Dollar General will close the total stores and 45 popushelf stores on Thursday and 45 this year, this year will become six popshield stores this year. Popshelf serves higher lucrative buyers who are primarily low-precious products.
Shares of the dollar increased by 5% on Thursday morning.
