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Top related persons:
Jeffrey Owen - 3 — - 2 New York CNN — Kroger - 1 ” - 1 Kroger - 1 Rodney McMullen - 1 ” Owen - 1 Owen - 1
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New York Washington DC America
Top related orgs:
Walmart - 2 Dollar - 2 Service - 2 New - 1 New York CNN - 1 SNAP - 1 KR - 1 “ - 1

Search resuls for: "Jeffrey Owen"


3 mentions found


☆ Shoppers on food stamps are buying less and going to food banks as benefits drop
  + stars: | 2023-06-15 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +2 min
New York CNN —Kroger and other chains say customers on food assistance programs like SNAP are struggling as aid shrinks. “Budget-conscious households are buying fewer items, particularly as SNAP benefits declined during the quarter,” said Kroger (KR) CEO Rodney McMullen on an earnings call Thursday. Customers are “making significant modifications” such as buying a four-pack of an item instead of a 12-pack. The decrease came with the end of a Covid emergency policy that increased SNAP benefits to the maximum level for every recipient. Dollar Genera (DG)l, Dollar Tree (DLTR), Walmart (WMT) and other chains have also said recently that customers on food stamps are struggling most.
Persons: New York CNN — Kroger, ”, Kroger, Rodney McMullen, Jeffrey Owen, ” Owen Organizations: New, New York CNN, SNAP, KR, “, Budget, Walmart, Dollar, Bureau of Labor Statistics ’ Locations: New York, Washington, DC
☆ Dollar General sinks 19% on a slashed profit outlook as company says its budget-sensitive customers are relying more on food banks and credit cards
  + stars: | 2023-06-01 | by ( Carla Mozée | ) www.businessinsider.com   time to read: +2 min
Dollar General shares sharply fell Thursday as the retailer sliced its full-year financial outlook. The company said customers are spending less on discretionary items and relying more on food banks. The company said its customers were continuing to shift more of their spending from discretionary items as the focus on basics such as food. Sales and earnings for its fiscal first quarter fell short of Wall Street's targets and the company sliced full-year projections. "[U]nfortunately, our customers are saying they're having to rely more on food banks, savings, credit cards.
Persons: —, Jeffrey Owen Organizations: Service
☆ Dollar General customers are increasingly looking for 'items at or below the $1 price point' amid economic slowdown, CEO says
  + stars: | 2023-06-01 | by ( Alex Bitter | ) www.businessinsider.com   time to read: +4 min
Dollar General shoppers are pulling back on discretionary purchases, hurting the retailer's earnings. Dollar stores have previously fared well during economic shifts. Dollar General previously said that it expected earnings to rise as much as 6% for the year. That gave Dollar General shoppers less fun money to spend than expected. Shares of Dollar General were down nearly 20% at $161.31 in midday trading after the company reported earnings.
Persons: —, Jeffrey Owen, Owen, Todd Vasos, John Tomlinson, Tomlinson, It's Organizations: Service, Dollar, Walmart, Costco, Sam's Locations: America
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