Last year, the discount retailer had reported a net loss of $7.3 million, including shareholder litigation settlements and related expenses. Sales for the quarter increased 12.7 percent to $2.93 billion, the company said. Sales at stores open at least a year went up 9.2 percent.
Dollar General said it plans to open about 600 new stores next year and remodel or relocate approximately 500 stores. The retailer operates more than 8,700 stores in 35 states.
The company went public last month and started selling its shares on the New York Stock Exchange. The company said it plans to pay down debt of about $300 million in January. Its stock fell 30 cents in trading on Thursday to close at $23.70 per share.
Home Buyer Tax Credit Extended, ExpandedDollar General may go public next week
