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More traffic challenges from the dollar stores
Surging profits and a 6.7% first quarter same-store sales increase prompted Dollar General to raise its full year profit forecast by three cents. Family Dollar is scheduled to report comparable results later this month as the small discount store remains on a roll.
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America’s “General” store maintains momentum
GOODLETTSVILLE, Tenn. — Surging profits and a 6.7% first quarter same-store sales increase prompted Dollar General to raise its full-year profit forecast by three cents.
Dollar General shows no signs of slowing down this year after posting first-quarter results that saw the company’s total sales increase 13% to nearly $3.5 billion and net income increase 36% to $213 million. The 6.7% comp increase was driven by an increase in customer traffic and average transaction size, according to the company.