Dollar General Corp.

Dollar General Corp. has promoted one of its finance executives to serve as interim chief financial officer.

The company says John W. Garratt will serve as interim chief financial officer effective July 1. He follows David Tehle, who had previously announced his retirement in March.

Goodlettsville, Tenn. - Dollar General Corp. has promoted one of its finance executives to interim CFO.

The discounter named John W. Garratt as interim CFO effective July 1. He follows David Tehle, who had previously announced his retirement in March 2015.

Garratt, who is currently the senior VP of finance and strategy, will now oversee all aspects of the company’s financial, accounting and information technology operations until a new CFO is in place.

Dollar General, which recently opened its 12,000 store, has named five executives to key leadership positions within its global supply chain functions and merchandising organizations.

The following promotions are effective immediately:

•   Mike Kindy has been promoted to senior VP, global supply chain with responsibility for transportation as well as inventory and demand management, demand planning and supply chain solutions. Kindy has been with Dollar General since 2007.

On the heels of opening its 12,000th store, Dollar General has named five executives to key leadership positions within its merchandising and supply chain organizations.

The company announced internal promotions in both its merchandising and global supply chain functions as the company enhances its management team. The following promotions are effective immediately:

Goodlettsville, Tenn. - Jeff Owen will rejoin Dollar General Corp. as executive VP of store operations effective June 15. Owen previously spent more than 20 years with Dollar General, where his most recent role was senior VP of store operations.

Dollar General also announced that Greg Sparks, executive VP of store operations, has departed effective June 9, 2015.

Dollar General Corp. is looking to a longtime Dollar General employee to be its next executive vice president of store operations. 

Strong sales of tobacco products, candy and snacks helped drive Dollar General's same-store sales up nearly 4% in the first quarter as the company celebrates its 12,000th store opening this month.

Goodlettsville, Tenn. – Dollar General Corp. beat Wall Street expectations for profit but missed on sales in the first quarter of fiscal 2015. Net income totaled $253 million, up 14% from $222 million the same period the prior year.

Higher initial inventory markups, improved inventory shrink rate and lower transportation costs helped boost net income. Net sales increased 9% to $4.92 billion, compared to $4.52 billion. Same-store sales increased 3.7%, resulting from increases in both customer traffic and average transaction amount.