Dollar General Corp. raised its full-year outlook, highlighting how value-focused retailers are winning over consumers hunting for deals.

Earnings this year will be $6.30 to $6.50 a share, up from no more than $6.30 in its previous forecast, the company said Thursday. The retailer also reported a profit of $1.28 a share in its most-recent quarter, topping analyst estimates.

Dollar General cited share gains in both its consumable and non-consumable categories, with growth in seasonal goods, home products and apparel.

The rosier outlook highlight how retailers offering low-cost goods are performing well with cash-strapped consumers hunting for low prices. Dollar General also has a large selection of grocery products, making it less susceptible to tariffs.

Dollar General shares rose 5.1%

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