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Dollar General Corporation (NYSE:DG) is one of the best defensive stocks to buy amid geopolitical tensions. On June 2, Telsey Advisory Group reiterated a Market Perform rating on Dollar General Corporation (NYSE:DG) and a $140 price target, following impressive first-quarter 2026 results.

Total sales in the quarter were up 3.4% year over year to $10.8 billion, as comparable sales increased 2%, in line with expectations. Revenue increased, driven by positive sales contributions from new stores, partially offset by the impact of stores closed.

Net income was up 13.3% to $444.1 million compared to $391.9 million delivered in the same quarter last year. Similarly, earnings per share came in at $2, better than the $1.89 analysts were expecting and up 12.4% year over year. Gross margin improved by 65 basis points to 31.6% at the back of higher markups and lower shrinkage and damage.

Following the impressive first-quarter results, the Board of Directors has approved a quarterly cash dividend of $0.59, payable on July 21 to shareholders of record on July 7.

Dollar General Corporation (NYSE:DG) is a large discount retailer that offers convenient neighborhood shopping for everyday essentials. Operating over 20,000 stores primarily in the United States, it caters largely to budget-conscious consumers by offering affordable food, household goods, apparel, and health and beauty products.

While we acknowledge the potential of DG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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