DOLLAR GENERAL NET UP 45.1% IN 2ND QUARTER

NASHVILLE--Dollar General Corp. reported earnings improved 45.1 percent in the second quarter ended July 31.
Earnings hit $14 million, or 25 cents a share, against $10 million, or 18 cents, a year earlier. Per-share amounts reflect a five-for-four stock split in April.
Cal Turner Jr., chairman and chief executive officer, said, "Our long-term strategy of lowering prices and controlling operating expenses continues to produce record earnings and sales."
He noted that while gross margin percentage is declining on plan, sales and gross margin dollars are increasing.
Sales in the quarter jumped 24.2 percent to $317.3 million from $255.6 million. Same-store sales gained 11.3 percent.

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