Increased Q2 sales, new leadership position Dollar General for accelerated growth

GOODLETTSVILLE, Tenn. - Dollar General on Thursday reported net sales of $5.1 billion for its fiscal 2015 second quarter ended July 31.

 

“[Dollar General] delivered 7.9% sales growth, 2.8% same-store sales growth, robust gross margin expansion and 14% diluted EPS improvement over the 2014 second quarter," stated Todd Vasos, Dollar General CEO. "We also grew both customer traffic and average ticket for the 30th consecutive quarter when compared to the prior year quarter," he said. “With new leadership in place for store operations and merchandising, we are well positioned to execute our key initiatives to drive topline growth over time."

 

Over the first half of Dollar General's fiscal year, net sales increased 8.3% over the comparable 2014 period to $10 billion. Same-store sales increased 3.3%. Increases in customer traffic and average transaction amount contributed to the increase in same-store sales. The remainder of the sales increase was attributable to new stores, partially offset by closed stores.

 

During that 26-week period, the company opened 428 new stores and remodeled or relocated 593 stores.