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Dollar General sets Q4 sales and profit records; 625 stores on tap for 2012
Goodlettsville, Tenn. -- Dollar General Corp. reported Thursday that profit for the quarter ended Feb. 3 surged 33% to a record $299 million, from $226 million in the prior year.
Sales increased 20.1% to $4.19 billion, compared with $3.49 billion in the year-ago period. Same-store sales rose 6.5%.
For the full year, profit rose 26% to $819 million, from $649 million in 2010. Sales surged 13.6% to $14.8 billion, from $13 billion last year. Same-store sales rose 6%.
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Dollar General appoints executive VP store operations
Goodlettsville, Tenn. -- A former Safeway executive has joined Dollar General as its executive VP store operations.
Effective March 19, Greg Sparks will assume all responsibilities for the operations of more than 9,900 retail stores in 38 states and serve on Dollar General's real estate and store development committee, the company said. Sparks will report to chairman and CEO Rick Dreiling.
Sparks most recently served as president of Safeway's Seattle division. His departure from the supermarket retailer was announced earlier this week.