Thursday, August 31, 2017

Dollar General beats Street, but profit slides; ups forecast

Dollar General turned in mixed results for its second quarter, with gains in sales but a dip in profits and a decline in gross margins. 
Net sales rose 8.1% to $5.83 billion in the quarter ended Aug. 4, compared to $5.39 billion in the year-ago quarter, better than analysts were expecting. Same-store sales increased 2.6%, also better than expected, driven by increases in average transaction amounts and customer traffic.. . . more

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