Thursday, December 5, 2019

Dollar General lifts profit forecast, tops third-quarter expectations on sales

Discount store operator Dollar General Corp raised its full-year profit forecast on Thursday after reporting its best quarterly same-store sales rise in nearly five years, benefiting from a wider selection of products and revamped stores.

The retailer has been aggressively opening hundreds of new stores, creating private label and adding food, health and beauty products to its existing outlets as it tries to better compete with other retailers and grocers.. . . more