Dollar General sales soar in recession - Nashville Business Journal:

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Earnings, released Tuesday, came in at $81.85 million in the quarter whichendee Jan. 1, compared to $55.39 million in the same quarterof 2007. Revenue for the Goodlettsville-based discounrt retailer was $2.85 billion, up 11.2 percent from the year-agk quarter. Same-store sales increased 9.4 percent in the quarter, with increases in both customer traffic and theaveragse transaction. For the year, the privatel held company reported incomeof $108.2 million on sales of $10.456 billion. CEO Rick Dreiling said in an earningw call Tuesday that the retailer has managed to turn the economi downturn into an opportunity becauswe of thediscount retailer’s position in the market.
The companhy attributed some of the gains to improvements in distributionband transportation, as well as higher averagw markups. “During the year, we grew sales, expandedx gross profit and reducedour (expenses) by successfullyg implementing programs to improves our store operations and merchandisinyg efforts,” Dreiling said in a company release. we were able to achieves these improvements despite the increasingly difficult economic We are pleased with the current momentuk inour business, and we intend to focus on driving continuedc success in 2009.” Dreiling also reported that sales were up 15.1 percenty last month over February 2008.