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Dollar General Misses Profit Estimates, So What’s With the Gains?

Dollar General missed both earnings and sales estimates in its first quarter, but the stock is gaining Tuesday. The discount chain earned 72 cents a share, a penny short of estimates, while revenue of $4.52 billion came in around 1% lower than forecast. However, as retailer after retailer report tough sales conditions this quarter and predict continued trouble ahead, Dollar General sees improvement on the horizon. In a statement, the retailer’s CEO said he sees positive trends gaining momentum towards the tail-end of the April-ended quarter. Where others have struggled over the year, the company has increased sales by adding brand-name products to its stores and opening up a number of new locations.