Thieler Law Corp advises investors with losses exceeding $100,000 of the March 20, 2017 lead plaintiff deadline in a class action lawsuit filed against Dollar General Corporation (NYSE: DG) (“Dollar General” or “the Company”). The suit is pending in the U.S. District Court for the Middle District of Tennessee and investors, who purchased Dollar General Corporation securities between March 10, 2016 and November 30, 2016, have until March 20, 2017 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Dollar General Corporation securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that a significant percentage of Dollar General’s EPS growth was tied to revenues derived from SNAP benefit recipients; the reinstitution of time limits on SNAP benefits would impact Dollar General’s operating business and financials, particularly the Company’s fiscal 2016 EPS guidance and same-store growth estimates; 56% of Dollar General stores are located in states that re-implemented the time limitation; and the announced benefit reductions would have a disproportionate impact on the  Company’s sales relative to the overall percentage of sales derived from SNAP payments.

On December 1, 2016, the Company revealed third quarter 2016 financial and operational results that included a reduction in same-store sales. The Company cited reductions in SNAP benefits as a major contributor of the disappointing results, and admitted that the benefit reductions "affect about 56% of our store base . . . And those states that have had the reduction or elimination, they are approximately 100-basis-point worse in comp. That gives you a real good idea of how impactful those SNAP benefits reductions have been."

Following this news, NYSE: DG dropped $3.84, or 4.96%, to close at $73.48 December 1, 2016.

If you were negatively impacted by your investment in Dollar General Corporation securities between March 10, 2016 and November 30, 2016 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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