Dollar General press release (NYSE:DG): Q2 GAAP EPS of $2.13 misses by $0.34.
Revenue of $9.8B (+3.9% Y/Y) misses by $110M.
FY2023 Outlook: Net sales growth in the range of 1.3% to 3.3%, compared to its previous expectation of 3.5% to 5.0%; Same-store sales growth in the range of a decline of approximately 1.0% to growth of 1.0%, compared to its previous expectation of growth in the range of 1.0% to 2.0%; Diluted EPS in the range of approximately $7.10 to $8.30, or a decline of 34% to 22%, compared to its previous year-over-year change expectation of an approximate 8% decline to flat growth; effective tax rate of approximately 22.5%; Capital expenditures in the range of $1.6 billion to $1.7 billion; 3,110 real estate projects in the United States, including 990 new store openings, 2,000 remodels, and 120 store relocations.

On the one hand, all retail has been reporting bad numbers, so this aint a big suprise.
On the other hand, Im not thrilled with the size of the miss and the lack of visibility that lead to such a significant revision in terms of the rest of the year.
Apparently the market isnt either as we are down more than 14% pre-market

I had been expecting poor numbers but hoped the market would shrug it off as the stock looks like it has bottomed recently. I suppose we have another opportunity to buy this on sale....This time 15% off the prices from last quarter...

At least the compnay didnt buy back any shares last quarter...

Quotes from management

'While we are not satisfied with our overall financial results, we made significant progress in the second quarter improving execution in our supply chain and our stores, as well as reducing our inventory growth rate and further strengthening our price position,' said Jeff Owen, Dollar General's chief executive officer.

'These actions were an important driver of improving customer traffic trends and growing total market share in the second quarter. In addition, we executed nearly 850 real estate projects during the quarter, further extending our reach and expanding our ability to serve both new and existing customers.'