US value retailer Dollar General has made a “great start to the year” with an increase in first-quarter earnings.

For the three months to the end of April, net income increased to US$136m from $83m in the prior year.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Sales increased 11.9% to $3.11bn. Same-store sales increased 6.7% in the 2010 quarter compared to 13.3% in the 2009 quarter, with customer traffic and average transaction amount contributing to the increase.

Sales were strongest in the consumables and seasonal categories.

First-quarter operating profit increased 29% to $290.7m.

“Dollar General’s first quarter performance marks a great start to the year. Our first quarter sales were ahead of our expectations,” said Rick Dreiling, chairman and CEO. “Our same-store sales growth of 6.7 percent for the quarter was on top of 13.3 percent growth in the first quarter of 2009.”

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now