GOODLETTSVILLE, Tenn., Mar 7, 2002 /PRNewswire-FirstCall via COMTEX/ -- Dollar General Corporation (NYSE: DG) today reported total retail sales for the four-week period ended March 1, 2002, equaled $428.4 million compared with $367.2 million last year, an increase of 16.7 percent. Same-store sales for the February period increased 7.7 percent compared with a 4.7 percent increase in the February period of 2001. The estimated average customer purchase in February was $8.31, an increase of 1.2%. Customer transactions in same-stores are estimated to have increased 7%.
February Sales by Major Category (Unaudited):
2002 2001 Same-Store
Percent of Sales Percent of Sales Sales Change
Highly Consumable 62% 61% +10%
Home Products 14% 15% -3%
Basic Clothing 10% 11% 0%
Hardware and Seasonal 14% 13% +16%
The Company will host a conference call on Monday, March 18, 2002, at 5:00 p.m. EST, to discuss 2001 financial results. To ensure that the call can accommodate public interest, pre-registration is required. If you wish to participate in the conference call, please RSVP for the call at:
The conference id is 2615840; the conference passcode is "DG." The call will also be broadcast live online at "www.dollargeneral.com." A replay of the conference call will be available from March 19, 2002, until March 22, 2002, online or by calling (402) 220-2265.
March Sales Outlook:
For the five-week period ending April 5, 2002, the Company expects total sales to increase 14-16 percent. Same-store sales are expected to increase 5-7 percent compared with a same-store sales increase of 6.5 percent in the March period last year. March sales results will be released on Thursday, April 11, 2002.
Weekly sales trends are announced on Mondays after the market closes and can be attained online at www.dollargeneral.com or by calling (615) 855-5529.
This press release contains historical and forward-looking information. The words "believe," "anticipate," "project," "plan," "expect," "estimate," "objective," "forecast," "goal," "intend," "will likely result," or " will continue" and similar expressions identify forward looking statements. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The Company believes the assumptions underlying these forward-looking statements are reasonable; however, any of the assumptions could be inaccurate, and therefore, actual results may differ materially from those projected in the forward-looking statements. The factors that may result in actual results differing from such forward-looking information include, but are not limited to: the Company's ability to maintain adequate liquidity through its cash resources and credit facilities, including its ability to refinance or replace such facilities on favorable terms at the maturity thereof; the Company's ability to comply with the terms of the Company's credit facilities (or obtain waivers for non- compliance); general transportation and distribution delays or interruptions; inventory risks due to shifts in market demand; changes in product mix; interruptions in suppliers' businesses; fuel price and interest rate fluctuations; a deterioration in general economic conditions caused by acts of war or terrorism; temporary changes in demand due to weather patterns; delays associated with building, opening and operating new stores; the results of the Company's restatement and audit process; and the impact of the litigation and regulatory proceedings related to the restatement of the Company's financial statements, including the funding of the settlement of such litigation and the risk that the conditions to the effectiveness of such settlements, including the results of the plaintiffs' confirmatory discovery and the approval by the courts, may not be realized.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to publicly update or revise any forward-looking statements contained herein to reflect events or circumstances occurring after the date of this release or to reflect the occurrence of unanticipated events.
SOURCE Dollar General Corporation
investors, Kiley Fleming, +1-615-855-5525, or
media, Andrea Turner, +1-615-855-5209, both of Dollar General Corporation