May 30, 2019 / 11:02 AM / 2 months ago

Dollar General beats quarterly same-store sales estimates

May 30 (Reuters) - Dollar General Corp beat analysts’ estimates for quarterly same-store sales on Thursday, as customers spent more on groceries, seasonal products and home goods at the discount retailer’s stores.

The company reported a 3.8% rise in same-store sales, beating the average analyst estimate of a 2.88% increase, according to IBES data from Refinitiv.

Net income rose to $385 million, or $1.48 per share, in the first quarter ended May 3, from $364.9 million, or $1.36 per share, a year earlier. (Reporting by Aishwarya Venugopal in Bengaluru; Editing by Shinjini Ganguli)

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