On the heels of stronger-than-expected second-quarter results and continued customer growth across all income brackets, Dollar General raised its full-year guidance.
The discounter said it was raising its financial expectations for the year, primarily to reflect its outperformance in the second quarter, as well as its improved outlook for the second half of the year. It also noted it was taking into consideration the potential for uncertainty related to consumer behavior.
On the company’s earnings call, CEO Todd Vasos said that tariffs have started to result in some price increases. But he noted that Dollar General remained committed to delivering everyday low prices, and offers at least 2,000 items at $1.00 or below.
“Ultimately, customers across all income brackets are coming to Dollar General as they seek value,” he told analysts.
Dollar General released its second-quarter earnings days after it said that CFO Kelly Dilts would depart the company, effective Aug. 28. Donny Lau has been named executive VP and CFO at the discount giant, effective Oct. 20, with Vasos serving as the principal financial officer in the interim.
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