One reported strong sales on Thursday, while the other warned it may experience a sales decline for the year.
Dollar General’s earnings report on Thursday painted a different picture.
“Core customers continue to tell us they feel financially constrained,” said Dollar General’s CEO, Jeff Owen, on the company’s earnings call.
Brian Nagel, a retail analyst at Oppenheimer & Co. who covers Lululemon, said he sees still strong spending across all retailers he covers.
“Generally speaking, consumer spending has held in,” he said.
Persons:
CNN —, ”, Calvin McDonald, Lululemon, Jeff Owen, Neil Saunders, Brian Nagel, Nagel, ” Nagel, Richard Dreiling, John Rainey, ” Rainey, Shannon Seery
Organizations:
CNN, Oppenheimer, Co, Federal Reserve, Fed
Locations:
Wells, United States, —