News
National Retail

Dollar General Q1 Sales Up 6.5% As The Company Focuses On Store Expansion

Dollar General
Photo credit: Flickr/Mike Mozart

Dollar General announced strong Q1 store sales Thursday driven by new store openings as the company continues to pursue aggressive store expansion.

The company reported a 6.5% jump in Q1 net sales, which rose from $5.27B over the last year to $5.61B at the end of last quarter, Retail Dive reports. Same-store sales advanced 0.7% last quarter and Dollar General said the Federal Trade Commission approved its acquisition of 322 new stores across 36 states in April.

Those new stores go some ways towards meeting the company’s goal of opening 1,000 new stores by the end of this year. GlobalData retail managing director Neil Saunders told Retail Dive that Dollar General’s expansion strategy is critical, and said it could be the best way for the company to overcome muted same-store sales.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Philly Retail Momentum Spills From Rittenhouse Into Northern Liberties

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Forget Buildings, Retailers Are Leasing Environments

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme