Dollar General is shaking off tariff fears
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People are spending more at Dollar General. In part, that's thanks to shoppers trading down from more expensive stores.
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Dollar General (NYSE: DG) stock surged in Tuesday's trading after the company posted better-than-expected first-quarter results. Dollar General published its first-quarter results after the market closed yesterday,
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The discounter expects to raise prices “as a last resort” as tariffs and the economy replace lost merchandise as its major concerns.
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The company now expects annual same-store sales growth between 1.5% and 2.5%, up from its prior goal of 1.2% to 2.2%.
Dollar General set a quarterly sales record of $10.44 billion and upgraded its annual profit and sales outlook as Americans tighten their budgets and spend more at bargain stores and off-price retailers amid economic uncertainty.