Dollar General Reveals 2012 First Quarter Financials


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Mon. June 11th, 2012 - by Jordan Okumura-Wright

<p><strong>Goodlettsville, TN</strong><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Dollar General Corporation has reported record sales, operating profit, and net income for its fiscal 2012 first quarter ended May 4, 2012.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">"Dollar General is starting off 2012 with strong performance in the first quarter due to excellent same-store sales growth of 6.7 percent, representing the fifth consecutive quarter of accelerating improvement," says Rick Dreiling, chairman and chief executive officer. "We are pleased to raise our full year financial outlook to now reflect adjusted EPS of $2.68 to $2.78. Our first quarter was strong, and we are pleased with our May sales performance."<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">The company's net income increased by 36 percent to $213 million in the 2012 first quarter, compared to net income of $157 million in the 2011 first quarter. Same-store sales increased 6.7 percent, while total sales improved by 13 percent. Diluted earnings per share increased by 40 percent to $0.63 in the 2012 first quarter from $0.45 in the 2011 quarter. Adjusted diluted EPS increased 31 percent to $0.63 in the 2012 first quarter from $0.48 in the 2011 first quarter.</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p>Based on first quarter results, Dollar General Corporation has a bright outlook for the rest of the year and plans to open approximately 625 new stores, including 40 Dollar General Market stores in 2012. Mr. Dreiling adds, "I believe we are positioned well to invest in the future of our business as we continue to redefine small-box retailing and reinforce Dollar General's role as America's general store.”</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href="http://www.dollargeneral.com/" target="_new"> Dollar General Corporation </a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">