dollar-general1156.jpg Dollar General

Dollar General reports surprise dip in 3Q comps

CEO: SNAP challenges worsen, lower prices draw slow response

Sales challenges resulting from reductions in federal food stamp benefits and product price deflation worsened during the third quarter, officials of Dollar General said Thursday, leading to quarterly sales, margins and earnings that were below expectations.

The Goodlettsville, Tenn.-based discounter said same-store sales in the period, which ended Oct. 28, decreased by 0.1% as store traffic decreased despite investments in lower prices that brought margins down. Net earnings of $23

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