Dollar General Profit Up on Grocery Sales
GOODLETTSVILLE, Tenn. - Value-minded consumers helped boost sales at discount retailer Dollar General Corp., which said on Thursday its quarterly earnings jumped 31 percent. The company attributed increased sales in groceries and seasonal goods, reduced product damage, and more sales on higher-margin imports, Reuters reports.
Goodlettsville, Tenn.-based Dollar General, which operates more than 6,300 stores, mostly in low-income neighborhoods, said first-quarter earnings were $60.3 million, or 18 cents a share. It earned $45.9 million, or 14 cents per share, a year earlier.
Goodlettsville, Tenn.-based Dollar General, which operates more than 6,300 stores, mostly in low-income neighborhoods, said first-quarter earnings were $60.3 million, or 18 cents a share. It earned $45.9 million, or 14 cents per share, a year earlier.