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EARNINGS-Dollar General same-store sales growth beats estimates

Credit: REUTERS/JIM YOUNG

Dollar General Corp beat analysts' estimates for quarterly same-store sales on Thursday, as more shoppers spent on everyday essentials and seasonal products.

Aug 29 (Reuters) - Dollar General Corp DG.N beat analysts' estimates for quarterly same-store sales on Thursday, as more shoppers spent on everyday essentials and seasonal products.

Same-store sales rose 4% in the second quarter ended Aug. 2, well above analysts' average estimate of a 2.43% increase, according to IBES data from Refinitiv.

Net income rose to $426.6 million, or $1.65 per share, from $407.2 million, or $1.52 per share, a year earlier.

(Reporting by Nivedita Balu in Bengaluru Editing by Saumyadeb Chakrabarty)

((Nivedita.Balu@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6749 4822/ Twitter: https://twitter.com/niveditabalu;))

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