Dollar General Profit Jumps 47 Percent in Second Quarter
September 5, 2012,
GOODLETTSVILLE, Tenn.-Net income for Dollar General in its fiscal second quarter totaled $214.1 million, a gain of 46.6 percent over last year's second quarter.
Increases in sales and reductions in interest expense and "other" expense helped fuel the dollar-store retailer's bottom line in the quarter, which ended on Aug. 3. Net sales rose 10.4 percent to $3.9 billion, including a pickup of 5.1 percent in same-store sales. Dollar General cited home and seasonal as among its star performers among departments in the quarter, along with apparel categories such as sleepwear, accessories and intimates. Interest expense was slimmed by 41.1 percent, and "other" expenses were reduced by 54.4 percent.
Looking ahead, Dollar General said it expected total sales for fiscal 2012 to rise from 8 to 9 percent. Same-store sales are projected to increase by from 4 to 5 percent.
Other Articles By Author
Patti Carpenter Talks Color and its Importance in the Home
HFN's DIGITAL EDITION
COVER STORY: Sharpening the Focus on Millennials
Find out what makes Millennials tick when it comes to home decorating, shopping and at-home entertaining with HFN's annual consumer study. Turns out, Millennials favor the in-store shopping experience.
ALSO IN THIS ISSUE:
- Power of the People - Crowdfunding campaigns provide needed capital, feedback for home and housewares product launches.
- Omnichannel Retailing: Visual Search Takes Off - Learn how voice and visual search are revolutionizing product discovery.