Dollar General sees a boost from hurricanes Harvey and Irma
| Sruthi Ramakrishnan, Reuters
12/7/2017 9:09 AM EST
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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...
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