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DG posts 24% decline in operating profit

August 31, 2023 by Featured Articles, Leading Headlines, Money

DG posts 24% decline in operating profit

GOODLETTSVILLE, Tenn.— Dollar General Corp. today reported a 24.2% decline in operating profit for its fiscal second quarter. Same-store sales declined 0.1% in  the  13 weeks to August 4. Contributions from newly opened stores drove a 3.9% increase in net sales from a year earlier, to $9.8 billion.  “While we are not satisfied with our

DG posts higher sales and earnings

June 1, 2023 by Leading Headlines, Money, Retail News

DG posts higher sales and earnings

GOODLETTSVILLE, Tenn. – Dollar General Corp. today said net sales increased 6.8% in its first quarter. Same-store sales were up 1.6%. Operating profit declined slightly, to $740.9 million, and diluted earnings per share declined 2.9% to $2.34 as the retailer confronted a macroeconomic environment that was “more challenging than expected,” according to Jeff Owen, Dollar