Dollar General Fourth Quarter and Full Year 2011 Financials


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Thu. April 5th, 2012

Goodlettsville, TN<hr class="legacyRuler"><hr class="invisible minimal-padding">For the fiscal fourth quarter of 2011, Dollar General Corporation has reported that net sales increased to $4.19 billion, up 20.1 percent when compared to $3.49 billion in the same period in 2010. When sales for the week ending February 3, 2012 are excluded, net sales increased 11.8 percent. The company reported same-store sales, for the comparable 13-week periods ending January 27, 2012 and January 28, 2011, as having increased 6.5 percent. This result arises from an increase in consumer traffic as well as the average transaction. Financials for the fiscal full year 2011 reported net sales increased to $14.81 billion, up 13.6 percent from net sales of $13.04 billion in 2010. Based on the comparable 52-week periods ended January 27, 2012 and January 28, 2011, same store sales increased 6.0 percent. Rick Dreiling, Chairman and Chief Executive Officer, stated, "For Dollar General, 2011 was another exceptional year." He continues, "We executed on our operating priorities and delivered strong financial performance, while, at the same time, we were able to make significant investments which, I believe, will enable us to continue to achieve outstanding results."<hr class="legacyRuler"><hr class="invisible minimal-padding">