Dollar General Stock Takes Off After Earnings. Here’s What We Know.

Dollar General Stock Takes Off After Earnings. Here’s What We Know. · Barrons.com

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Dollar General stock was climbing Tuesday after the discount retailer beat Wall Street’s fiscal first-quarter earnings estimates on the back of strong sales growth, reflecting how cash-strapped consumers are looking for cheaper alternatives. “We are pleased with our start to the year, including strong same-store sales and EPS results,” said CEO Todd Vasos, who added that the retailer saw market-share gains in essentials, such as food and cleaning supplies, and more discretionary items, such as plates, decor, and clothing. Dollar General shares shot up 16% to $112.39 on Tuesday, putting them on pace for their largest percentage increase since its May 2022 earnings report, according to Dow Jones Market data.