Dollar General's Q3 Beats Expectations, Shares Surge

Dollar Generals shares surged by 3.6% in morning trading after reporting strong third-quarter results, beating expectations and raising their financial outlook for the year. Net sales increased by 4.6% to $10.6 billion, with earnings per share jumping by nearly 44% to $1.28. The company also updated its forecast, expecting net sales to grow between 4.7% and 4.9% for the full year. Analysts raised their price targets, and the stock reached a new 52-week high, indicating strong investor confidence.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.