Dollar General Corp. earnings soared in its first quarter compared to the same period a year ago.
The Goodlettsville-based discount retailer, which has been privately held for two years, reported net income of $83 million in the quarter ended May 1, compared to $5.9 million in the year-ago period.
Revenue came in at $2.78 billion in the 2009 first quarter, up 15.7 percent from the previous year’s quarterly peformance of $2.4 billion. Same-store sales increased 13.3 percent for the quarter, with increased customer traffic and a higher average transaction per customer.
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The Goodlettsville-based discount retailer, which has been privately held for two years, reported net income of $83 million in the quarter ended May 1, compared to $5.9 million in the year-ago period.
Revenue came in at $2.78 billion in the 2009 first quarter, up 15.7 percent from the previous year’s quarterly peformance of $2.4 billion. Same-store sales increased 13.3 percent for the quarter, with increased customer traffic and a higher average transaction per customer.
Read the rest of the story.....
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