Dollar General raised its sales and profit forecast today as value-oriented shoppers seek out deals.
Add Axios as your preferred source to
see more of our stories on Google.
Illustration: Aïda Amer/Axios
Dollar General raised its sales and profit forecasts Thursday as value-oriented shoppers seek out deals.
Why it matters: Economic uncertainty has nudged shoppers of all income levels to seek out savings.
Dollar General Is Winning Over Value-Seeking, Stressed Shoppers
The discount retailer posted earnings of $2.00 per share in its fiscal first quarter, topping analyst estimates of $1.89
Victoria's Secret and Dollar General both say affluent shoppers and budget-conscious consumers are helping fuel sales.
Even higher income shoppers are now “value-seeking,” Dollar General CEO said.
Dollar General Posts Higher Profit, Sales
Dollar General Posts Higher Profit, Sales
