Dollar General Raises Annual Profit Outlook After Sales Gain

Dollar General Corp. raised its profit outlook for the current year after posting higher quarterly sales. The company said its low prices helped it attract more shoppers facing tighter budgets.

Revenue rose in the most recent quarter as customers shifted toward lower-cost retailers. Same-store sales increased, reflecting both higher average transaction amounts and more frequent visits.

The retailer now expects full-year earnings per share between $6.85 and $7.15, up from its prior range of $6.70 to $7.00. Operating margin is projected to improve modestly compared with earlier estimates.

The update comes as several discount chains report mixed results amid ongoing consumer caution. Dollar General said it will continue to focus on everyday low prices and targeted promotions. "Our value proposition continues to resonate with customers," a company statement said.