Dollar General quarterly same-store sales top estimates

Earnings


Dollar General‘s quarterly same-store sales topped analysts’ estimates on Thursday as more customers shopped for apparel and groceries at the discount store chain.

Same-store sales rose 3.7 percent in the three months ended Aug. 3, above the 2.83 percent increase estimated by analysts on average, according to Thomson Reuters I/B/E/S.

The company’s net income rose to $407.2 million, or $1.52 per share, from $294.8 million, or $1.08 per share, a year earlier.

Dollar General’s net sales rose to $6.44 billion from $5.83 billion.



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