The Goodlettsville-based dollar store chain reported same-store sales rose 8.6 percent for the quarter and net sales hit $2.9 billion, up more than 11 percent from a year earlier.
CEO and Chairman Rick Dreiling said profits for the three months were $93.6 million, up nearly $66 million from a year ago. Dollar General announced earlier this year that it intends to do an initial public stock offering of some $750 million in stock. Dreiling and company didn't have a conference call with Wall Street analysts Thursday because the stock offering requires it to maintain a "quiet period" during which officials can't talk about financial prospects.
— RANDY MCCLAIN
Work to start soon on Brentwood East Medical Plaza
Ground will be broken in October for Brentwood East Medical Plaza, a two-story, 34,000-square-foot medical office building at the corner of Concord Road and Nolensville Pike.
Hospital chain HCA pre-leased most of the ground floor for a new imaging center for its nearby Southern Hills Medical Center and physician groups. The building, whose developer is John Brewer, will also house a dental practice, an orthopedic and sports medicine group, a heart and vascular clinic and an obstetrics/gynecology practice.
— GETAHN WARD
Real Estate Outlook: Price and Sale GainsDollar General could reignite IPOs
