Dollar General Raises Forecast
This is a China news story, published by CNBC, that relates primarily to Todd Vasos news.
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price increasesCNBC
•Business
Business & Economics
Dollar General is shaking off tariff fears and winning over higher-income consumers
78% Informative
Dollar General raised its full-year forecast after beating first-quarter expectations for earnings and revenue.
CEO Todd Vasos said the company is working to reduce its exposure to China and minimize price increases.
He added that the retailer is attracting more middle- and upper-income customers seeking value.
Shares of Dollar General jumped more than 10% on Tuesday .
Dollar General has bulked up its merchandise categories outside of the food and snack aisles.
The company recently changed the store layout to emphasize toys, beauty and party candy.
Its newer store chain, Popshelf, sells mostly discretionary items and caters to consumers with higher incomes.
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