Dollar General Posts Record Sales As Bargain Stores Surge

Dollar General reported record quarterly sales of $10.44 billion and raised its annual profit and sales forecasts as more Americans turn to discount retailers during economic uncertainty, Michelle Chapman reported for the Associated Press.

For the quarter ending May 2, Dollar General’s revenue rose 5% from $9.91 billion a year earlier. I Photo: Dollar General

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The company’s strong performance contrasts with other major retailers like Macy’s, Target, and Best Buy, which have trimmed their outlooks amid slowing consumer spending and the effects of tariffs.

From January to March, the U.S. economy contracted at a 0.2% annual rate—the first decline in three years—largely due to fallout from President Donald Trump’s trade policies.

For the quarter ending May 2, Dollar General’s revenue rose 5% from $9.91 billion a year earlier, beating Wall Street expectations.

Same-store sales grew 2.4%, driven by a 2.7% increase in average transaction size despite a 0.3% dip in traffic. Shares of Dollar General jumped 9% in pre-market trading, while rival Dollar Tree gained 4% ahead of its own earnings report.