Dollar General shares jump 15% as discounter raises full-year forecast, shakes off tariff fears
Shares of Dollar General jumped more than 15% on Tuesday as the discounter raised its outlook despite fears that higher tariffs will hurt consumer spending, as more middle- and higher-income shoppers sought deals.The Tennessee-based retailer beat quarterly expectations for revenue and earnings. The company said it now anticipates net sales will grow about 3.7% to 4.7%, compared to its previous expectation of about 3.4% to 4.4%. It expects diluted earnings per share to range from 5.80, compared to ...