Todd Vasos will head up the company again effective immediately, Dollar General said Thursday.
Jeff Owen’s short stint as chief executive of Dollar General came to an abrupt end Thursday, after the company said he would be stepping down effective immediately.
Todd Vasos, Dollar General ‘s former CEO, will be coming out of retirement to lead the company for the foreseeable future. “At this time the Board has determined that a change in leadership is necessary to restore stability and confidence in the Company moving forward,” said Michael Calbert, chairman of the company’s board of directors.
Dollar General also updated its guidance for fiscal 2023. The company now expects sales growth of between 1.5% to 2.5%, a narrower range than its previous expectation of 1.3% to 3.3%. Earnings per share will range between $7.10 and $7.60, compared with previous expectations of between $7.10 to $8.30.Write to Sabrina Escobar at [email protected]
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