DOLLAR GENERAL REPORTS INCREASED SALES FOR OCTOBER.NASHVILLE, Tenn.--(BUSINESS WIRE)--Nov. 7, 1996--Dollar General Corp. (NYSE NYSE See: New York Stock Exchange : DG) today reported total retail sales for the four weeks ended Nov. 1, 1996, equaled $162.7 million compared with $142.0 million in 1995, an increase of 14.6 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 3.8 percent vs. a decrease of 0.7 percent in the corresponding period a year ago. "Although we are somewhat disappointed with October's sales results, we are confident that our current in-stock levels will position us for a great holiday season!" said Cal Turner, Jr., chairman and chief executive officer. For the third quarter ended Nov. 1, 1996, Dollar General total retail sales equaled $508.0 million compared with $428.9 million in the same period a year ago, an increase of 18.5 percent. Same store sales for the period increased 6.5 percent. For the thirty-nine weeks ended Nov. 1, 1996, Dollar General total retail sales increased 21.3 percent to $1,446.2 million from $1,192.1 million in the same period a year ago. Same store sales for the thirty-nine week period increased 8.3 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 Feb. 1, 1996, and ended Nov. 1, 1996, Dollar General total retail sales equaled $1,456.0 million compared with $1,205.0 million in the same period a year ago, an increase of 20.8 percent. Same store sales for the period increased 7.9 percent. Dollar General will announce earnings for the third quarter ended Nov. 1, 1996, on Nov. 12, 1996. Alex. Brown & Sons Inc. will host a teleconference on Nov. 12, at 11:00 EDT EDT abbr. Eastern Daylight Time EDT Eastern Daylight Time EDT n abbr (US) (= Eastern Daylight Time) → hora de verano de Nueva York EDT , to discuss the quarter's results. If you wish to participate, please call 1-800-634-1568 at least ten minutes before the conference call is scheduled to begin. Please refer to reservation #2105845. Dollar General is a chain of more than 2,586 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 Corp. Kiley Fleming, 615/783-2014 |
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