Business

Market Movers

Dollar General cautious about sales

Dollar General runs 10,371 stores in 40 states.

istockphoto.com

Dollar General runs 10,371 stores in 40 states.

Advertisement

Discount retailer Dollar General Corp. said its sales over the Thanksgiving weekend and the start of the holiday shopping season were encouraging, but it remains cautious about the rest of the year, noting that consumer spending remains tight. Third-quarter net income was $208 million, or 62 cents per share, compared to $171 million, or 50 cents, a year earlier. Same-store sales rose 4 percent. The Tennessee company is forecasting full-year adjusted earnings of up to $2.85 per share.

Loading comments...