Dollar General beats by $0.08, reports revs in-line:
- Reports Q1 (Apr) earnings of $1.03 per share, $0.08 better than the Capital IQ Consensus of $0.95; revenues rose 7.0% year/year to $5.27 bln vs the $5.28 bln Capital IQ Consensus.
- Same-store sales in the 2016 first quarter increased 2.2% over the 2015 first quarter resulting from increases in both customer traffic and average transaction amount.
- Same-store sales increases were driven by positive results in both the consumables category and certain of the non-consumables categories, with sales of consumable merchandise outpacing sales of non-consumable merchandise.
- Within the non-consumables categories, growth in same-store sales was due to seasonal and home products.
- The net sales increase also was positively affected by sales from new stores, partially offset by sales from closed stores.
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