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Dollar General's first-quarter earnings exceeded expectations, driven by a surge in middle- and high-income shoppers, a trend unseen in four years. CEO Todd Vasos attributed this to value and new delivery options. However, the company's core low-income customer base remains financially stressed, with a significant portion reporting reduced income and anticipated sacrifices. Competitor Ollie's Bargain Outlet also saw increased focus on essential goods, while Dollar Tree's results are anticipated Wednesday.

Prepared by Christopher Adams and reviewed by editorial team.