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Dollar General (DG) Inventory and Financial Setbacks Case

M.D. Tennessee
Court
3:23-cv-01215
Case number
28 May 2020
Class period Start
30 Aug 2023
Class period End
  • The Dollar General supposedly hid chronic understaffing, inventory mismanagement, and overcharging customers.
  • Later, missed guidance and lower financial forecasts caused several $DG drops.
Lower-than-expected sales in Q4 2022 led to a stock drop in February, then the next big drop was in June, when Q1 2023 revenue fell $130M below estimates, resulting in a nearly 20% $DG decrease.

In August, poor Q2 2023 results and a revised sales outlook caused a 12% $DG fall. The company blamed this on weak consumer spending and increased theft.

Investors also suspect that the DG's inability to manage inventory and accurately price products resulted in lost customers, decreased sales, regulatory problems and damage to its reputation.
Alleged Offence
Mismanagement
Misleading Statements
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
31 August 2023
Filing date
17 November 2023
Lead Plaintiff Deadline
26 January 2024
Judge
William L Campbell, Jr
Collecting participants…
Created by Polina Foster, Scout

Dollar General Corporation

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including...

    Ticker
    DG.US
    ISIN
    US2566771059
    CIK
    29534
    Sector
    Consumer Defensive
    Industry
    Discount Stores
    Country
    USA
    Address
    100 Mission Ridge, Goodlettsville, TN, United States, 37072