June 2 (Reuters) – Discount retailer Dollar General raised its annual profit forecast on Tuesday, as shoppers seek affordable essentials amid economic uncertainty.
Shares of the company were up about 3% in premarket trading.
Rising gasoline prices due to the Iran war are further pressuring consumer budgets already strained by factors such as U.S. import tariffs and AI-related labor market uncertainty, benefiting dollar-store operators like Dollar General.
Main rival Dollar Tree had also raised its profit forecast last week.
The company forecast fiscal 2026 earnings per share of $7.20 to $7.45, up from its prior outlook of $7.10 to $7.35, and said it does not factor in any potential impact from tariff refund payments.
It continues to expect annual same-store sales to grow between 2.2% and 2.7%.
(Reporting by Neil J Kanatt in Bengaluru; Editing by Leroy Leo)
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