Woke: Dollar General, Five Below are the latest retailers to say theft is hurting profits
发表于 ： 周三 9月 06, 2023 1:34 pm
https://finance.yahoo.com/news/dollar-g ... 03551.html
Five Below (FIVE) and Dollar General (DG) are the latest retailers taking a hit on profits due to increased levels of theft, or "shrink."
Discount retailer Dollar General's stock sank 12% to close at $138.50 on Thursday after its second quarter gross profit margin slid to 31.1% compared to 32.3% a year ago. The company said the decline was "primarily attributable to lower inventory markups and increased shrink," among other factors.
The Tennessee-headquartered company cut its earnings per share growth forecast for 2024 to -8%-0%, down from its prior forecast for growth between 4% and 6%.
Dick's Sporting Goods stock tanked earlier this month after calling out higher costs from shrink in its most recent quarter. "The number of incidents and the organized retail crime impact came in significantly higher than we anticipated, and that impacted our Q2 results," CFO Navdeep Gupta said.
SB Dick's 早垮早托生
Five Below (FIVE) and Dollar General (DG) are the latest retailers taking a hit on profits due to increased levels of theft, or "shrink."
Discount retailer Dollar General's stock sank 12% to close at $138.50 on Thursday after its second quarter gross profit margin slid to 31.1% compared to 32.3% a year ago. The company said the decline was "primarily attributable to lower inventory markups and increased shrink," among other factors.
The Tennessee-headquartered company cut its earnings per share growth forecast for 2024 to -8%-0%, down from its prior forecast for growth between 4% and 6%.
Dick's Sporting Goods stock tanked earlier this month after calling out higher costs from shrink in its most recent quarter. "The number of incidents and the organized retail crime impact came in significantly higher than we anticipated, and that impacted our Q2 results," CFO Navdeep Gupta said.
SB Dick's 早垮早托生