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Dollar General appoints former chief executive Todd Vasos as CEO; shares rise

Investing.com -- Dollar General said Thursday it had appointed former Chief Executive Officer Todd Vasos as CEO of the company. 

Vasos, a current board member, was previously CEO from June 2015 to November 2022. 

The retailer said it now expects net sales growth in a range of 1.5% to 2.5% for fiscal 2023 from prior estimates of 1.3% to 3.3% previously, while EPS was lowered to a range of $7.10 to $7.60 from $7.10 to $8.30 previously.  

Dollar General Corporation (NYSE:DG) was up 7% in afterhours trading following the news.

 

 

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.