March 14, 2019
(Reuters) – Dollar General Corp reported better-than-expected same-store sales on Thursday, as its customers spent more on groceries at the discount retailer’s stores, benefiting from an earlier-than-usual issue of food stamps.
Same-store sales rose 4 percent in the fourth-quarter ended Feb. 1, beating the 2.6 percent increase analysts had estimated, according to IBES data from Refinitiv.
Net sales rose to $6.65 billion from $6.13 billion.
The company also raised its quarterly dividend by 10 percent and increased its share buyback program by $1 billion.
(Reporting by Uday Sampath in Bengaluru; Editing by Arun Koyyur)