Dollar General has booked an increase in sales and earnings for the fiscal year to the en of January.
The US retailer said sales grew to US$17.5bn in the 12 months, up from $16bn in the prior year.
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Same-store sales were up 3.3% thanks to increased footfall and higher basket sizes. Dollar General attributed the rise in transaction value to the “refinement” of merchandising, including the expansion of perishables. Higher candy and snacks sales also contributed, the dollar retailer added.
Operating profit increased 4.9% on the year to $1.7bn, with SG&A costs accounting for a slightly higher proportion of sales in 2013. Operating profit was up 7.6% to $1.05bn.
For the coming year, Dollar General predicted sales to rise by 8-9% on like-for-like growth of 3-4%. Adjusted operating profit is expected to rise 2-5%.
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