Retailing shop, Dollar General Corp has said that for the quarter ending July, the net income of the company went up by 50 per cent.

This has been possible because of the rising consumer demand and that more and more customers began to spend more, says Dollar General.

And since it has started to perform well, the company also increased the full year profit outlook. The only concern for the retailer is that the unemployment rate continues to be high and that many shoppers are now becoming savers.

During the period, the retailer earned 41 cents per share or $141.2 million. If the calculation excludes early payments made to some debtors, then income will be at $145.1 million or 42 cents per share.

This is higher than last year's income that stood at $93.6 million or 29 cents per share. For the quarter the revenue of the company went up by 10.8 per cent to $3.21 billion.

Analysts surveyed by Thomson Reuters had shown that they expect the company to have earned 38 cents per share making its revenue at $3.22 billion.

New stores saw their sales up by 5.1 per cent indicating the good health of the company.