March 14, 2019 / 11:03 AM / in 8 days

Dollar General beats quarterly same-store sales estimates, raises dividend

March 14 (Reuters) - Dollar General Corp reported better-than-expected same-store sales on Thursday, as its customers spent more on groceries at the discount retailer’s stores, benefiting from an earlier-than-usual issue of food stamps.

Same-store sales rose 4 percent in the fourth-quarter ended Feb. 1, beating the 2.6 percent increase analysts had estimated, according to IBES data from Refinitiv.

Net sales rose to $6.65 billion from $6.13 billion.

The company also raised its quarterly dividend by 10 percent and increased its share buyback program by $1 billion.

Reporting by Uday Sampath in Bengaluru; Editing by Arun Koyyur

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below