In the U.S.A., the second-largest discount grocer after Aldi reported excellent business results. It seems that the 55% tariff increase on Chinese products has been a godsend for low-cost retailers.
While many U.S. retailers are lowering financial forecasts, Dollar General (2024 net sales: US$40.6 billion, up 5%, net margin ratio of 2.7%) raised forecasts in early June 2025 after posting strong first-quarter results. In the quarter ended May 2, 2025, sales grew 5.3% to US$10.4 billion.
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