Dollar General sees a boost from hurricanes Harvey and Irma

Business Insider | 12/7/2017 | Sruthi Ramakrishnan, Reuters
Mijac (Posted by) Level 3
Click For Photo:

Dollar General beat on both the top and bottom lines.

Comparable sales rose 4.3% versus a year ago, boosted by hurricanes Harvey and Irma.

Reuters - General - Corp - Thursday - Sales

(Reuters) - Dollar General Corp on Thursday reported better-than-expected comparable sales for the third quarter, as hurricanes led to increased traffic and higher spending at its stores.

Sales at stores open for at least a year rose 4.3 percent, beating the average analysts' estimate of 2.8 percent growth, according to Thomson Reuters I/B/E/S.

Retailer - Hurricanes - Harvey - Irma - Basis

The retailer said Hurricanes Harvey and Irma contributed 30-35 basis points to comparable sales growth, while hurting profit by 5 cents per share in the reported...
(Excerpt) Read more at: Business Insider
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!