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Dollar General 3rd-qtr comp sales beat on hurricane-fueled demand
December 7, 2017 / 12:07 PM / 11 days ago

Dollar General 3rd-qtr comp sales beat on hurricane-fueled demand

Dec 7 (Reuters) - Dollar General Corp reported better-than-expected comparable sales for the third quarter, as hurricanes resulted in increased traffic and higher spending at its stores.

Sales at stores open at least a year increased 4.3 percent, above the average analysts’ estimate of 2.8 percent growth, according to Thomson Reuters I/B/E/S.

Net income rose to $252.5 million, or 93 cents per share, in the third quarter ended Nov. 3, from $235.3 million, or 84 cents per share, a year earlier. (Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Shounak Dasgupta)

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