DOLLAR GENERAL REPORTS INCREASED SALES FOR NOVEMBER.NASHVILLE, Tenn.--(BUSINESS WIRE)--Dec. 5, 1996--Dollar General Corporation (NYSE NYSE See: New York Stock Exchange : DG) today reported total retail sales for the four weeks ended November 29, 1996, equaled $196.3 million compared with $184.3 million in 1995, an increase of 6.5 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 decreased 4.1 percent versus a decrease of 1.1 percent in the corresponding period a year ago. "November sales were in-line In-line Used in the context of general equities. (1) An order or market in a specific security within the inside market; 2) any announcement (earnings) that adheres closely to Wall Street analysts' expectations. with our expectations," said Cal Turner, Jr., Chairman and Chief Executive Officer. "Our results were impacted by two significant calendar issues. Thanksgiving Thanksgiving annual U.S. holiday celebrating harvest and yearly blessings; originated with Pilgrims (1621). [Am. Culture: EB, IX: 922] See : America Thanksgiving national holiday with luxurious dinner as chief ritual. [Am. Pop. was one week later in the reporting period this year, and we delayed the mailing of our Christmas circular. This year, the December reporting period will benefit entirely from our Christmas circular. Our Christmas values and strong in-stocks position us for a great December. Our stores are ready for a merry Christmas!" For the forty-three weeks ended November 29, 1996, Dollar General total retail sales increased 19.3 percent to $1,642.5 million from $1,376.3 million in the same period a year ago. Same store sales for the forty-three week period increased 6.8 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 November 29, 1996, Dollar General total retail sales equaled $1,652.3 million compared with $1,389.2 million in the same period a year ago, an increase of 18.9 percent. Same store sales for the period increased 6.4 percent. Dollar General is a chain of more than 2,691 neighborhood stores in twenty-four states with distribution centers in Kentucky, Georgia 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 Corp., Nashville Kiley Fleming, 615/783-2014 |
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