Dive Summary:
- Dollar General ended 2012 with a total of 10,506 stores and plans to open another 635 in 2013, pushing it past the 11,000 store mark.
- The company also plans to remodel or relocate an additional 550 stores, and according to past comments, it believes the U.S. market can handle around 20,000 Dollar General stores.
- The company's fourth quarter income, reported Monday, was $317 million with an earnings per share of 97 cents, compared to $293 million and earnings per share of 85 cents the same quarter last year.
From the article:
Fourth quarter same store sales increased 3% at Dollar General as the company capped of another record year and indicated it would open 635 stores this year.
Total sales for the company's 13 week fourth quarter ended February 1, increased 0.5%, to $4.21 billion compared to $4.19 billion during the 14 week fourth quarter the prior year. ...