On June 2, Dollar General rose 5.49% overnight, trading at $115.99/share, with trading volume of $10,400.

On the news front, the company released its first-quarter earnings report before market open, delivering results that significantly exceeded market expectations across all key metrics. Net sales reached $10.436 billion, up 5.26% year-over-year, surpassing the consensus estimate of $10.25 billion. Earnings per share came in at $1.78, well above the analyst expectation of $1.48. Gross margin improved by 78 basis points, reflecting meaningful progress in cost control and inventory management.

Prior to the report, UBS had noted the company was expected to meet the market threshold of 2% comparable sales growth in Q1 and could potentially raise the low end of its EPS guidance range. Oppenheimer maintained its Outperform rating while adjusting its price target to $150 from $170, citing potential headwinds from cost pressures and a cautious consumer environment. The strong beat appears to have alleviated concerns about conservative guidance that some analysts had flagged heading into the print.

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