Dollar General Earning up 14.6% | Excellent News for NNN Investors

Dollar General Corporation Reports Record Second Quarter 2013 Financial Results

GOODLETTSVILLE, Tenn.–(BUSINESS WIRE)– Dollar General Corporation (NYSE: DG) today reported record sales, operating profit and net income for its fiscal 2013 second quarter (13 weeks) ended August 2, 2013.

  • Second Quarter Same-Store Sales Increased 5.1%;
  • Total Sales Increased 11.3% Second Quarter EPS of $0.75;
  • Adjusted EPS of $0.77 Company Confirms 2013 Earnings Guidance

“Dollar General delivered another solid quarter. Our same-store sales growth for the second quarter of 2013 accelerated to 5.1 percent. We are very pleased with the increase in customer traffic in our stores. We continue to grow our market share and believe that our second quarter results position us well to deliver our financial outlook for the year.

We remain focused on driving our sales and profitability, capturing high-return growth opportunities, returning cash to our shareholders through share repurchases and creating long-term value.” said Rick Dreiling, Dollar General’s chairman and chief executive officer.

According to the report the Company plans to open approximately 650 new stores, an increase over the previous estimate of 635 new stores.

This is exceptional news for Developers, Buyers and Sellers of Dollar General freestanding NN and NNN assets.


 

Dollar General is the largest discount retailer in the United States by number of stores with over 10,700 neighborhood stores in 40 states. Dollar General helps shoppers Save time. Save money. Every day!(R) by offering quality private and national branded items that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, house wares and seasonal items at everyday low prices in convenient neighborhood stores. Dollar General is among the largest retailers of top-quality products made by America’s most trusted manufacturers such as Procter & Gamble, Kimberly Clark, Unilever, Kellogg’s, General Mills, Nabisco, PepsiCo and Coca-Cola.