(Finance) – Dollar Generalan American discount chain, announced that Todd Vasoscurrent board member and former CEO, was appointed CEO. Vasos, who previously served as CEO from June 2015 to November 2022, has agreed to return to lead the company for the foreseeable future. Vasos succeeds Jeff Owen, whose separation from the company and resignation from the board is now effective.
The company also has updated its guidance for full fiscal year 2023 and now expects: net sales growth of 1.5% to 2.5%, compared to the previous expectation of 1.3% to 3.3%; earnings per share (EPS) of approximately $7.10 to $7.60, or a decline of 34% to 29%, compared to previous expectations, of approximately $7.10 to $8.30, or a decline of 34 % to 22%.
(Photo: © Dollar General)