Why Dollar General Stock Is Up Today

Dollar General's stock rose 3.08% after the retailer boosted its full-year profit forecast. The company reported 5.2% net sales growth to $11.3 billion in Q2, driven by store openings and 3.5% same-store sales growth. Higher gas prices are pushing consumers to seek bargains closer to home, benefiting Dollar General's 21,000+ store network. The company raised its full-year same-store sales guidance to 2.5%-2.9% and EPS guidance to $7.80-$8.00, and plans a $700 million stock buyback.