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Dollar General net sales rise 8.7%
DSN Retailing Today
Thursday, April 12, 2007
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Dollar General has reported that total retail sales for the March five-week period ended April 6, equaled $904.8 million, an increase of 8.7% over sales of $832.7 million for the five-week period ended April 7, 2006. For the five-week period, same-store sales increased 5.5% compared to a 2.8% increase in the five-week fiscal 2006 period. Each of the company's four major merchandise categories, including highly consumables, seasonal, basic apparel and home products, contributed to the sales increase. Excluding sales in 130 stores, which are in the process of closing as part of the company's store revitalization efforts, same-store sales increased 5% in the fiscal 2007 March period.
For the nine-week period ended April 6, Dollar General total retail sales increased 8.3% to $1.60 billion from $1.48 billion for the nine-week period ended April 7, 2006. Same-store sales for the nine-week period increased 5.2%.
The company also announced that, in connection with certain disclosures that it intends to make in connection with its previously announced proposed merger with affiliates of Kohlberg, Kravis, Roberts & Co. and related financing transactions, it may make use of "non-GAAP financial measures" (as that term is defined by the Securities and Exchange Commission).
Companies referred to in story:
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