SHAREHOLDER ALERT: Levi & Korsinsky Notifies Dollar General Corporation(DG) Investors of a Class Action Lawsuit and Upcoming Deadline

NEW YORK, Jan. 23, 2024

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Dollar General investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of all purchasers of Dollar General common stock between May 28, 2020 and August 30, 2023, inclusive. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/dollar-lawsuit-submission-form?prid=64359&wire=4

DG investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (a) Dollar General stores were chronically understaffed and suffering from logistical and inventory management problems that left stores with tens of millions of dollars' worth of outdated and unwanted inventory, mispriced goods, and lost and damaged items; (b) large backlogs of unsellable merchandise had built up at Dollar General's stores, which inventory had not been timely written down due to understaffing and the Company's failure to manage its inventory; (c) the allotment of employee hours per store per week imposed by Dollar General management placed employees in virtually impossible situations where assigned tasks, including those necessary for effective store operations, could not be completed within the allotted time; (d) in violation of state laws, including state law violations identified by state regulators in Arizona, Louisiana, Mississippi, Missouri, North Carolina, and Ohio, Dollar General was systematically overcharging customers for items upon checkout; (e) Dollar General's reported revenue and earnings during the class period were artificially inflated by defendants' over-pricing scheme; (f) Dollar General's failure to manage store inventories and accurately price items upon checkout risked the loss of customers, lower sales, adverse regulatory actions, and reputational fallout; (g) Dollar General was not on track to achieve the 4Q22 guidance provided to investors of 6% to 7% same-store sales growth or quarterly diluted EPS of $3.15 to $3.30 and was running more than one hundred million dollars behind the Company's annual net sales guidance of 11% growth; and (h) as a result of (a)-(g) above, defendants' statements about Dollar General's business metrics, operations, and financial prospects were materially false and misleading and/or lacked a reasonable factual basis when made.

WHAT'S NEXT? If you suffered a loss in Dollar General during the relevant time frame, you have until January 26, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.