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Dollar General’s Q4 profit more than doubles; Opening 625 stores in 2011
New York City -- Dollar General Corp. reported Tuesday that its fourth quarter profit more than doubled over last year, boosted by increasing sales and traffic. The discounter generated a higher-than-expected profit of $222.5 million for the quarter ended Jan. 28, up from $87.2 million in the year-ago period. The company also gave a full-year forecast that topped analysts’ estimates.
Sales increased 9.4% to $3.49 billion, and same-store sales rose 3.8%.