Dollar General Benefits From Consumables Traffic
Home & Textiles Today Staff -- Home Textiles Today, April 8, 2013
GOODLETTSVILLE, TENN. - Dollar General closed out its 23rd consecutive year of same-store sales growth in the recent fiscal year. Sales continue to be driven by consumables, executives said, although DG is positioning home for growth.
The company has stepped up its presentations in home - particularly in bath, bed and window, chairman and ceo Rick Dreiling told analysts during last week's quarterly conference call. "We think there's a lot of sales opportunity."
However, during the fourth quarter shoppers were careful with their money, which suppressed sales in seasonal and home, he said.
For the fourth quarter ended Feb. 1, net income rose 8.2% to $317 million, or 97 cents per share. Sales ticked up 0.5% to $4.21 billion, with comps up 3.0%.
For the full fiscal year, net income jumped 24.3% to $953 million, or $2.85 per share. Sales increased 8.2% to $16.02 billion, with comps up 4.7%.