Dollar General (DG) Reports December Same-Store Sales Increase
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Price: $124.57 -2.58%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.7%
EPS Growth %: +10.2%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.7%
EPS Growth %: +10.2%
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Dollar General Corporation (NYSE: DG) reported total retail sales for the December five-week period ended December 29, 2006, equaled $1.18 billion compared with $1.05 billion last year, an increase of 12.1%. For the December period, same-store sales increased 7.1%.
On November 29, 2006, in connection with its store revitalization plans, the Company announced that it expected to close approximately 400 stores in fiscal 2007 in addition to stores closed in the ordinary course of business. The Company has begun the process of liquidating inventories in 148 same-stores. Excluding sales in these 148 stores, same-store sales increased 6.5 percent in the fiscal 2006 December period.
On November 29, 2006, in connection with its store revitalization plans, the Company announced that it expected to close approximately 400 stores in fiscal 2007 in addition to stores closed in the ordinary course of business. The Company has begun the process of liquidating inventories in 148 same-stores. Excluding sales in these 148 stores, same-store sales increased 6.5 percent in the fiscal 2006 December period.
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