Overview
- Dollar General reported first-quarter net sales of $10.44 billion and diluted earnings per share of $1.78, exceeding analyst estimates.
- The company raised its full-year guidance to project net sales growth of 3.7% to 4.7% and diluted EPS of $5.20 to $5.80.
- Shares climbed more than 15% following the report as investors noted the retailer’s ability to attract both core and higher-income customers.
- Management plans to open 575 new U.S. stores and up to 15 locations in Mexico during fiscal 2025.
- To counter tariff uncertainties, Dollar General is diversifying its supplier base and implementing cost-cutting measures to limit consumer price increases.