Dollar General Hits Record Sales Despite Challenges
Reading
Dollar General had very good sales. The company made $10.44 billion in one quarter. People are buying more at cheap stores because of money problems.
The U.S. economy got a little smaller. This happened between January and March. People were not spending as much money during that time.
Dollar General is doing well compared to other stores. Most stores are not making as much money. Stores like Macy’s are worried about their sales.
Dollar General's sales went up by 5%. The company sold $10.44 billion worth of goods. This was better than what people thought it would be.
The company thinks it will make more money this year. They expect to earn $5.20 to $5.80 per share. Sales are also expected to go up by 3.7% to 4.7%.
Questions
How much money did Dollar General make in one quarter?
$10.44 billion
Why are people buying more at cheap stores?
Because of money problems.
What is Dollar General's expected earnings per share this year?
$5.20 to $5.80 per share
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