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Benzinga
Benzinga
Business
Akanksha Bakshi

Dollar General Shows Discount Retail Is Thriving In Tough Economy

Dollar General Joseph Feldman DG
Central,City,Illinois,-,May,2018:,Dollar,General,Sign,Against

Dollar General Corp. (NYSE:DG) delivered a strong third-quarter earnings beat and lifted its full-year outlook, signaling improving profitability and steady demand as budget-conscious shoppers across income levels continue to seek value amid a choppy macroeconomic backdrop.

Following the earnings, Telsey Advisory Group analyst Joseph Feldman reiterated a Market Perform rating on Dollar General and raised his 12-month price target to $130 from $123.

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