Dollar General reappoints former CEO Vasos for second stint, narrows outlook
) brought back former chief Todd Vasos to replace CEO Jeffery Owen less than a year after his appointment, sending the company's shares up nearly 7% in trading after the bell on Thursday.
In August, the company forecast a steep drop in annual profit and missed market expectations for second-quarter results. Vasos"is acutely aware of the challenges facing our business and the industry more broadly" Dollar General said, adding his appointment was effective immediately.
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