Stock market today: Dow, S&P 500, Nasdaq futures trade steady as Wall Street looks through Nvidia gloom
Dollar General (DG) stock popped 6% in premarket trading after the company raised its financial outlook for 2025.
The dollar store chain now sees full-year profits of $5.80 to $6.30 per share, compared to its previous expectation of approximately $5.20 to $5.80 per share. It expects same-store sales to increase 2.1% to 2.6%, compared to its previous expectation of approximately 1.5% to 2.5%.
In the second quarter, Dollar General stores saw an increase in traffic as its value proposition drew wealthier customers. The company reported earnings of $1.86 per share on $10.7 billion in net sales. Both measures were well ahead of Wall Street estimates.
“Our improved execution, along with our progress advancing key initiatives, is resonating with both existing and new customers as we further enhance our value and convenience proposition,” CEO Todd Vasos said in a statement.