Dollar General sales soar in recession - Dayton Business Journal:

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Earnings for Dollar General (NYSE: DG), released came in at $81.85 million in the quarterf whichended Jan. 1, compared to $55.39 millio in the same quarter of 2007. Revenue for the Goodlettsville, Tenn.-based discount retaile r was $2.85 billion, up 11.2 percentg from the year-ago Same-store sales increased 9.4 percent in the with increases in both customer traffic and the average Forthe year, the privately held compan y reported income of $108.2 million on sale of $10.46 billion. CEO Rick Dreiling said in an earningx call Tuesday that the retailer has manageed to turn the economic downtur n into an opportunity because of thediscount retailer’sa position in the market.
The companty attributed some of the gains to improvements in distributionand transportation, as well as highef average markups. “During the year, we grew expanded gross profit and reduced our by successfully implementing programws to improve our store operationsx andmerchandising efforts,” Dreiling said in a companyy release. “Importantly, we were able to achieve thes improvements despite the increasingly difficulteconomicx conditions. We are pleased with the current momentum in our and we intend to focus on driving continued success in Dreiling also reported that sales wereup 15.1 percenf last month over February 2008.
Dollar General operates more than 20 storexs in theDayton area.