Dollar General (NYSE: DG) saw its stock price increase by 15.9% following the release of its first-quarter earnings on Tuesday. The company reported earnings per share of $1.78 and sales of $10.44 billion, surpassing analyst expectations of $1.59 per share and $10.29 billion in revenue. Year-over-year, sales rose by 5.3%, and same-store sales increased by 2.4%, despite a 0.3% decline in overall customer traffic.
In light of its strong performance, Dollar General raised its full-year guidance, now projecting same-store sales growth between 1.5% and 2.5% and annual earnings per share between $5.20 and $5.80.
