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Earnings results from major retailers have presented a murky picture of the US consumer where shoppers could either be spending resiliently or pulling back depending on where Wall Street looks. Discount retail chains are getting hit the hardest after Dollar General shares (DG) saw a 30% drop after an earnings miss; Dollar General CEO Todd Vasos cited that the "lower-end consumer continues to be very much financially strapped."
Yahoo Finance senior retail reporter Brooke DiPalma weighs in on what discount retail results are indicating about segments of the US consumer.
Dollar Tree (DLTR) is set to report its earnings on Wednesday, September 4, while Big Lots (BIG) results are scheduled for Friday, September 6.
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This post was written by Luke Carberry Mogan.