June 4 Dollar General Corp posted a 36
percent jump in quarterly profit and raised its expectations for
the year on Monday as momentum the discount chain saw during the
holiday season continued in early 2012.
Dollar General earned $213.4 million, or 63 cents per share,
in the fiscal first quarter ended on May 4, up from $157.0
million, or 45 cents per share, a year earlier.
Sales rose 13 percent to $3.9 billion. Sales at stores open
at least a year, or same-store sales, rose 6.7 percent.
Dollar General now expects to earn $2.68 to $2.78 per share
this year, up from a prior target of $2.65 to $2.75. It earned
$2.22 per share last year.