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Shares of Dollar General Corp. shot up toward a 16-month high Thursday, after the deep-discount retailer’s fiscal third-quarter sales rose above expectations and the full-year outlook was raised, amid signs it was making headway against its rivals.
The company’s
DG upbeat results and outlook come as off-price retailers have been among the top retail performers. Stubborn inflation, growing concerns about the economy and uncertainty surrounding tariffs are pushing shoppers, regardless of income, to hunt for bargains. In this environment, Dollar General appears to be winning.
