Dollar General Reports Increased February Sales; Opens 119 New Stores
GOODLETTSVILLE, Tenn., March 4 /PRNewswire-FirstCall/ -- Dollar General
Corporation today reported total retail sales for the February four-week period
ended February 27, 2004, equaled $533.9 million compared with $476.3 million
last year, an increase of 12.1 percent. Same-store sales for the February period
increased 3.8 percent compared with a 2.5 percent increase in the prior year
February period. The average customer purchase in February was approximately
$8.50 compared to $8.54 in the same period last year. Customer transactions in
same-stores increased approximately 4.7 percent.
February sales by major merchandise category are as follows:
FY 2004 FY 2003 Est. Same-Store
Percent of Sales Percent of Sales Sales Change
Highly Consumable 65% 64% +5%
Seasonal 14% 14%+3%
Home Products 12% 13% -3%
Basic Clothing 9% 9% +4% New Store Openings
The Company opened 119 stores in the four-week period ended February 27, 2004.
The 119 newest store locations include 15 in Alabama; one in Arkansas; six in
Florida; five in Georgia; five in Illinois; three in Indiana; one in Iowa; 11 in
Louisiana; six in Michigan; two in Mississippi; five in Missouri; 10 in North
Carolina; one in Nebraska; three in New Mexico; nine in New York, eight in Ohio;
one in Oklahoma; three in Pennsylvania; four in South Carolina; three in
Tennessee; 10 in Texas; four in Virginia; one in Wisconsin; and two in West
Virginia.
Earnings Conference Call Information Dollar General is scheduled to announce earnings for the year ended January 30,
2004 on Monday, March 15, 2004. The Company will host a conference call on
Monday, March 15, 2004, at 10 a.m. EST to discuss the year's results. The
security code for the conference call is "Dollar General." If you wish to
participate, please call (334) 260-2280 at least 10 minutes before the
conference call is scheduled to begin. The call will also be broadcast live
online at http://www.dollargeneral.com/ . A replay of the conference call will
be available until 5 p.m. EST on Monday, March 29, online or by calling (334)
323-7226. The access code for the replay is 40954 and the pass code is 86362.
Dollar General is a Fortune 500(R) discount retailer with 6,817 neighborhood
stores as of February 27, 2004. Dollar General stores offer convenience and
value to customers, by offering consumable basics, items that are frequently
used and replenished, such as food, snacks, health and beauty aids and cleaning
supplies, as well as a selection of basic apparel, housewares and seasonal items
at everyday low prices. The Company store support center is located in
Goodlettsville, Tennessee. Dollar General's Web site can be reached at
http://www.dollargeneral.com/ . DATASOURCE: Dollar General Corporation CONTACT: Investors, Emma Jo Kauffman, +1-615-855-5525, or Media, Andrea Ewin Turner, +1-615-855-5209, both for Dollar General Corporation Web site: http://www.dollargeneral.com/
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