Dollar General Heads Into the Black in Third Quarter
December 10, 2009,
GOODLETTSVILLE, Tenn.-Turning around from a third-quarter net loss of $7.3 million last year, Dollar General posted net income of $75.6 million for the third quarter of this year.
The profit resulted largely from a 12.7 percent boost in sales, which totaled $2.93 billion in the quarter. Although both selling, general and administrative expenses and cost of goods sold increased in the quarter, they declined as a percentage of sales--with SG&A; percentage falling 95 basis points and cost of goods sold dropping 112 basis points.