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Dollar General

  • Dollar General grows net sales 6.5% in Q1 amid planned growth

    GOODLETTSVILLE, Tenn. — Higher customer spending and lower advertising costs not only boosted Dollar General’s profits, but contributed to better-than-expected first-quarter earnings.

    For the period ended May 5, the discounter’s net sales increased by 6.5% to $5.61 billion, compared to $5.27 billion in first quarter 2016. Net income fell to $279.5 million, or $1.02 per share from $295.1 million, or $1.03 per share, a year earlier. However, this still beat the average analysts' estimate of $1 per share, according to Thomson Reuters.

  • Study: DIR fees, MACs are biggest concerns for rural pharmacists

    IOWA CITY, Iowa — Direct and indirect remuneration fees and delayed maximum allowable cost adjustment ranked highest on scales of both magnitude and immediacy for rural pharmacists, according to new research released by the RUPRI Center for Rural Health Policy Analysis.

  • Report: FTC approves sale of 323 Dollar Express stores to Dollar General

    GOODLETTSVILLE, Tenn. — The Federal Trade Commission approved the sale of 323 Dollar Express stores to Dollar General, reported Reuters. Private equity firm Sycamore Partners II currently owns the Dollar Express stores, which it bought in 2015 when Dollar Tree was forced to sell stores in 35 states as a condition of its acquisition of Family Dollar.

  • More than two-thirds of consumers shopped at Walmart, Target, Walgreens and CVS

    PORT WASHINGTON, N.Y. — More than two-thirds of Americans shopped at Walmart, Target, Walgreens, Dollar Tree and CVS, either online or in-store, according to a new index from The NPD Group.

  • Dollar General posts 13.7% sales lift in Q4, plans 1K new stores
    GOODLETTSVILLE, Tenn. — Dollar General on Thursday reported better-than-expected fourth-quarter sales and earnings and said it planned to raise compensation and increase training for store managers.
     
    The discounter also said it plans to open approximately 1,000 stores and remodel or relocate 900 existing stores in fiscal 2017.
      

  • Dollar General plans for 1,000 stores, 2 DCs this year
    GOODLETTSVILLE, Tenn. — Dollar General isn’t boasting when it calls itself one of America’s fastest-growing retailers. 
     
    The extreme-value discounter will open 1,000 stores and two distribution centers in 2017, resulting in the creation of approximately 10,000 new jobs. The announcement comes as Dollar General is testing a new, smaller-store format under a new banner. 
     

  • Food-stamp cuts contribute to Dollar General’s woes in Q3

    Reductions in food-stamp benefits and falling grocery prices took a toll on Dollar General Corp.’s third-quarter performance which came in below expectations and included an unexpected drop in same-store sales.

    The company reported a profit of $235 million, or $0.84 per diluted share, in the quarter, compared to net income of $253 million, or $0.86 per diluted share, in the year ago period. Its profit included a charge of about 5 cents per share for store relocation costs and disaster-related expenses.

  • CBS News tackles the omnichannel retailer's dilemma

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