Thank you for visiting Dollar General Corporation's website for the weekly sales update. As a reminder, the Company intends to discontinue weekly sales releases beginning in November. Dollar General is scheduled to report October sales results on Thursday, November 7.
This update reflects performance through the second week of the October period, and includes sales from Saturday, October 5 through Friday, October 18.
As announced in the Company's September sales release, total sales for the four-week fiscal period of October were expected to increase 11-14 percent. Same-store sales were expected to increase 3-5 percent compared with sales last year. Month-to-date, sales are within the Company's guidance.
Departments reporting especially strong same-store percentage sales increases for the second week of the October period include the home cleaning and food department, the infant, toddler and girls department, and the shoe department.
Geographically, stores in the southeast and midwest reported the strongest same-store sales.
This press release contains forward-looking information, including information regarding the Company's future sales outlook. The words "believe," "anticipate," "project," "plan," "expect," "estimate," "objective," "forecast," "goal," "intend," "will likely result," or "will continue" and similar expressions generally identify forward-looking statements. 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; the Company's ability to comply with the terms of the Company's credit facilities (or obtain waivers for non-compliance); transportation and distribution delays or interruptions, including, but not limited to, the impact of the recent west coast dock-workers' strike and any ongoing work slowdown on the economy and on the Company's ability to receive inventory; 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; and the impact of the SEC inquiry related to the restatement of the Company's financial statements.
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.