August 31, 2017 / 11:04 AM / 25 days ago

Dollar General 2nd-qtr comparable sales beat estimates

Aug 31 (Reuters) - Dollar General Corp reported a better-than-expected increase in quarterly comparable sales on Thursday as more shoppers visited its stores and spent more on average.

Dollar General’s sales from stores open more than 12 months rose 2.6 percent in the second quarter ended Aug. 4, above the 1.6 percent expected by analysts polled by Consensus Metrix.

Net income fell to $294.8 million from $306.5 million. On a per share basis, net income was flat at $1.08 per share.

Shares of the company rose 1.6 percent in premarket trading. (Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Sai Sachin Ravikumar)

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