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Dollar General beats estimates with record results
Goodlettsville, Tenn. – Dollar General reported record net income and sales for the second quarter of this year. In addition, same-store sales growth beat analyst estimates by almost a full percentage point.
Net income increased by 15% to $245 million in the second quarter of fiscal 2013, compared to net income of $214 million in the second quarter of the prior fiscal year. Net sales increased 11.3% to $4.39 billion, compared to $3.95 billion in the second quarter of the previous year. Analysts had expected net sales of $4.36 billion.
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Mixed bag for Francesca’s Holdings’ second quarter
The opening of 79 new stores drove overall second quarter sales growth at Francesca’s Holdings, but same store sales declined, profits were less than forecast and the company lowered its expectations for the full year.
Despite the slight decrease in same-store sales, the company grew its net income 15% to $14.6 million, from $12.7 million, while net sales rose 17% to $89.6 million.