Dollar General Reports Increased Sales for the Month of March

Apr 12, 2001, 01:00 ET from Dollar General Corporation

    GOODLETTSVILLE, Tenn., April 12 /PRNewswire/ -- Dollar General Corporation
 (NYSE:   DG) today reported total retail sales for the five-week fiscal period
 ended April 6, 2001, equaled $461.3 million compared with $384.0 million for
 the five-week period ended March 31, 2000, an increase of 20.2 percent.  Due
 to the Company's 53-week fiscal year in 2000, the Company's fiscal and
 calendar periods in 2001 do not coincide.  For the five-week calendar period
 ended April 6, 2001, total sales increased 19.9 percent and same-store sales
 increased 6.5 percent compared with a 3.1 percent increase in same-store sales
 for the five-week period ended April 7, 2000.
     For the nine-week fiscal period ended April 6, 2001, Dollar General total
 retail sales increased 19.9 percent to $828.5 million from $691.2 million for
 the nine-week period ended March 31, 2000.  For the nine-week calendar period
 ended April 6, 2001, total sales increased 19.1 percent and same-store sales
 increased 5.7 percent compared with a 5.0 percent increase in same-store sales
 for the nine-week period ended April 7, 2000.
     The Company also announced the opening of its seventh distribution center
 in Zanesville, Ohio.  The Ohio facility is the Company's fifth to open in five
 years.  The 1.2 million square foot distribution center will serve stores
 located in the Company's northeastern markets with the capacity to serve more
 than 1,000 stores.
     Dollar General is scheduled to release earnings for the first quarter
 ended May 4, 2001, on Monday, May 14, after the market closes.  Dollar General
 will host a conference call on Monday, May 14, at 5 p.m. EDT to discuss the
 quarter's results.  If you wish to participate, please call (712) 271-1174 at
 least 10 minutes before the call is scheduled to begin.  The passcode is
 "Dollar General."
 
     Sales and Earnings Outlook:
     For the four-week fiscal period of April ending May 4, 2001, the Company
 expects total sales to increase 19-22 percent.  For the four-week calendar
 period, same-store sales are expected to increase 6-9 percent compared with a
 0.8 percent decrease in same-store sales for the four-week period ended May 5,
 2000.  April sales will be released on Thursday, May 10, 2001.  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.
     For the first quarter ending May 4, 2001, total company revenues and same-
 store sales are expected to increase 19-21 percent and 6-7 percent,
 respectively, as compared with the first quarter of 2000.  The Company
 anticipates opening 200-250 stores in the quarter.  Gross profit as a
 percentage of net sales is expected to decrease 0.50-0.60% compared with 2000,
 as a result of strong sales of low margin, highly consumable merchandise.
 Management anticipates operating expenses as a percentage of net sales will
 increase 0.20-0.35% compared with 2000, reflecting a planned investment in
 store labor and higher than expected utility expense.  Interest expense as a
 percentage of net sales is expected to increase approximately 0.20%,
 reflecting higher borrowings and higher interest rates on longer-term
 financing compared with the first quarter of last year.  The tax rate is
 expected to be approximately 36.25%.  Using this guidance, management expects
 to report earnings per share of $0.13-0.14 for the first quarter ending May 4,
 2001.
     Dollar General operates more than 5,000 neighborhood stores in 25 states.
     This press release contains historical and forward-looking information.
 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 as a result of certain risks and uncertainties, including, but not
 limited to, general transportation and distribution delays or interruptions,
 inventory risks due to shifts in market demand, changes in product mix,
 interruptions in suppliers' business, fuel price and interest rate
 fluctuations, and costs and delays associated with building, opening and
 operating new distribution centers ("DCs") and stores.  The Company undertakes
 no obligation to publicly release any revisions to any forward-looking
 statements contained herein to reflect events or circumstances occurring after
 the date of this report or to reflect the occurrence of unanticipated events.
 
 

SOURCE Dollar General Corporation
    GOODLETTSVILLE, Tenn., April 12 /PRNewswire/ -- Dollar General Corporation
 (NYSE:   DG) today reported total retail sales for the five-week fiscal period
 ended April 6, 2001, equaled $461.3 million compared with $384.0 million for
 the five-week period ended March 31, 2000, an increase of 20.2 percent.  Due
 to the Company's 53-week fiscal year in 2000, the Company's fiscal and
 calendar periods in 2001 do not coincide.  For the five-week calendar period
 ended April 6, 2001, total sales increased 19.9 percent and same-store sales
 increased 6.5 percent compared with a 3.1 percent increase in same-store sales
 for the five-week period ended April 7, 2000.
     For the nine-week fiscal period ended April 6, 2001, Dollar General total
 retail sales increased 19.9 percent to $828.5 million from $691.2 million for
 the nine-week period ended March 31, 2000.  For the nine-week calendar period
 ended April 6, 2001, total sales increased 19.1 percent and same-store sales
 increased 5.7 percent compared with a 5.0 percent increase in same-store sales
 for the nine-week period ended April 7, 2000.
     The Company also announced the opening of its seventh distribution center
 in Zanesville, Ohio.  The Ohio facility is the Company's fifth to open in five
 years.  The 1.2 million square foot distribution center will serve stores
 located in the Company's northeastern markets with the capacity to serve more
 than 1,000 stores.
     Dollar General is scheduled to release earnings for the first quarter
 ended May 4, 2001, on Monday, May 14, after the market closes.  Dollar General
 will host a conference call on Monday, May 14, at 5 p.m. EDT to discuss the
 quarter's results.  If you wish to participate, please call (712) 271-1174 at
 least 10 minutes before the call is scheduled to begin.  The passcode is
 "Dollar General."
 
     Sales and Earnings Outlook:
     For the four-week fiscal period of April ending May 4, 2001, the Company
 expects total sales to increase 19-22 percent.  For the four-week calendar
 period, same-store sales are expected to increase 6-9 percent compared with a
 0.8 percent decrease in same-store sales for the four-week period ended May 5,
 2000.  April sales will be released on Thursday, May 10, 2001.  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.
     For the first quarter ending May 4, 2001, total company revenues and same-
 store sales are expected to increase 19-21 percent and 6-7 percent,
 respectively, as compared with the first quarter of 2000.  The Company
 anticipates opening 200-250 stores in the quarter.  Gross profit as a
 percentage of net sales is expected to decrease 0.50-0.60% compared with 2000,
 as a result of strong sales of low margin, highly consumable merchandise.
 Management anticipates operating expenses as a percentage of net sales will
 increase 0.20-0.35% compared with 2000, reflecting a planned investment in
 store labor and higher than expected utility expense.  Interest expense as a
 percentage of net sales is expected to increase approximately 0.20%,
 reflecting higher borrowings and higher interest rates on longer-term
 financing compared with the first quarter of last year.  The tax rate is
 expected to be approximately 36.25%.  Using this guidance, management expects
 to report earnings per share of $0.13-0.14 for the first quarter ending May 4,
 2001.
     Dollar General operates more than 5,000 neighborhood stores in 25 states.
     This press release contains historical and forward-looking information.
 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 as a result of certain risks and uncertainties, including, but not
 limited to, general transportation and distribution delays or interruptions,
 inventory risks due to shifts in market demand, changes in product mix,
 interruptions in suppliers' business, fuel price and interest rate
 fluctuations, and costs and delays associated with building, opening and
 operating new distribution centers ("DCs") and stores.  The Company undertakes
 no obligation to publicly release any revisions to any forward-looking
 statements contained herein to reflect events or circumstances occurring after
 the date of this report or to reflect the occurrence of unanticipated events.
 
 SOURCE  Dollar General Corporation