US value retailer Dollar General said today (31 March) it had seen profits more than treble in 2009 after same-store sales rose by more than 9%.
The company, which listed in New York in November following an IPO, booked net income of US$339.4m for 2009 – up from $108.2m in 2008. Operating profit increased by 64.2% to $953.3m.
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Net sales were $11.8bn, an increase of 12.8% on 2008. Same-store sales increased 9.5%.
“Dollar General had another outstanding year in 2009. We are continuing to execute on our operating priorities with precision and discipline,” said chairman and CEO Rick Dreiling.
“We delivered strong same-store sales growth of 9.5 percent for the year on top of 9.0 percent same-store sales growth in 2008.”
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