Dollar General Corp. surged after increasing its annual guidance, helped by luring more higher-income shoppers looking for deals. The discount chain also said it expects to mitigate a significant amount of the tariffs currently in place.

The discount retailer raised its outlook after assessing the impact of tariffs on its business and consumer behavior, and posted better-than-expected first-quarter results.

Shares of Dollar General (DG) jumped in premarket trading Tuesday after the discount retailer posted better-than-expected first-quarter results and lifted its full-year outlook. Dollar General reported earnings per share (EPS) of $1.

Dollar General set a quarterly sales record of $10.44 billion and upgraded its annual profit and sales outlook as Americans tighten their budgets and spend more at

Dollar General set a quarterly sales record of $10.44 billion and upgraded its annual profit and sales outlook as Americans tighten their budgets and spend more at bargain stores and off-price retailers amid economic uncertainty.

Most traditional retailers, like Macy’s, Target or Best Buy, are dialing back profit and or sales projections.