An employee arranges merchandise at a Dollar General store in Arvada, Colorado.
Rick Wilking | Reuters
Dollar General beat analysts’ estimates for quarterly same-store sales on Thursday, as customers spent more on groceries, seasonal products and home goods at the discount retailer’s stores.
The company reported a 3.8% rise in same-store sales, beating the average analyst estimate of a 2.88% increase, according to IBES data from Refinitiv.
Net income rose to $385 million, or $1.48 per share, in the first quarter ended May 3, from $364.9 million, or $1.36 per share, a year earlier.