August 29, 2019 / 10:37 AM / 17 days ago

Dollar General same-store sales growth beats estimates

Aug 29 (Reuters) - Dollar General Corp beat analysts’ estimates for quarterly same-store sales on Thursday, as more shoppers spent on everyday essentials and seasonal products.

Same-store sales rose 4% in the second quarter ended Aug. 2, well above analysts’ average estimate of a 2.43% increase, according to IBES data from Refinitiv.

Net income rose to $426.6 million, or $1.65 per share, from $407.2 million, or $1.52 per share, a year earlier. (Reporting by Nivedita Balu in Bengaluru Editing by Saumyadeb Chakrabarty)

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