GOODLETTSVILLE, Tenn. — Saying its combination of convenience and everyday low prices resonates with recession-addled consumers, Dollar General posted increases in sales, earnings and gross margins during the first quarter.
Net income of $136 million was up 64%, and gross margin as a percentage of sales improved 136 basis points to 32.1%, as improvements in merchandising, buying and sales mix lowered costs. Total sales improved 11.9% to $3.1 billion, with comparable-store sales increasing ...
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