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Dollar General Sales Rise, Growth Stays Steady

GOODLETTSVILLE, TN-The company is still on track to open 25 to 30 stores this year, even though it posts a Q3 loss of $7.3 million.

By Debra Hazel | Updated on December 04, 2008

GOODLETTSVILLE, TN-With customers around the US watching every expenditure closely, Dollar General Corp. has posted healthy comp-store sales and will continue its growth plans through 2008, executives said at the company’s third quarter conference call.

Sales for the quarter were $2.6 billion, up 12.4% percent from the same period last year. Same-store sales rose 10.6%. Capital expenditures remain on track, with a planned opening of 25 to 30 stores and the relocation or remodel of approximately 45 stores in the fourth quarter.

Sales rose across all sectors, even apparel, said Rick Dreiling, chairman, who also was appointed CEO on Dec. 3. Nor was geography a factor in the increase.

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