DOLLAR GENERAL REPORTS INCREASED SALES FOR MAY.NASHVILLE, Tenn.--(BUSINESS WIRE)--June 6, 1996--Dollar General Corporation (NYSE NYSE See: New York Stock Exchange : DG) today reported total retail sales for the four weeks ended May 31, 1996, equaled $155.6 million compared with $122.6 million in 1995, an increase of 26.9 percent. Same store sales Same Store Sales A statistic used in retail industry analysis. It compares sales of stores that have been open for a year or more. Notes: This statistic allows investors to determine what portion of new sales has come from sales growth and what portion from the opening of for the four-week period increased 13.8 percent versus an increase of 8.4 percent in the corresponding period a year ago. "The arrival of Spring to our markets, especially in the Midwest, stimulated sales of seasonal merchandise, particularly apparel," said Cal Turner, Jr., Chairman and Chief Executive Officer. "These results are a great start for the second quarter!" For the seventeen weeks ended May 31, Dollar General total retail sales increased 24.4 percent to $600.9 million from $483.2 million in the same period a year ago. Same stores sales for the seventeen-week period increased 10.0 percent. For the year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. begun February 1, 1996, and ended May 31, 1996, Dollar General total retail sales equaled $610.7 million compared with $496.1 million in the same period a year ago, an increase of 23.1 percent. Same store sales for the period increased 8.8 percent. Dollar General is a chain of more than 2,467 neighborhood stores in twenty-four states with distribution centers in Kentucky Kentucky, state, United States Kentucky (kəntŭk`ē, kĭn–), one of the so-called border states of the S central United States. It is bordered by West Virginia and Virginia (E); Tennessee (S); the Mississippi R. , Georgia Georgia, country, Asia Georgia (jôr`jə), Georgian Sakartvelo, Rus. Gruziya, officially Republic of Georgia, republic (2005 est. pop. 4,677,000), c.26,900 sq mi (69,700 sq km), in W Transcaucasia. and Oklahoma. The company's stock is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . CONTACT: Dollar General Corporation, Nashville Investor Contact: Kiley Fleming, 615/783-2014 |
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