GAP <GPS.N> SAYS APRIL SAME STORE SALES RISE 29 PCT, (5/15)
DOLLAR GENERAL <DG.N> SAYS SAME-STORE SALES RISE 20.2 PCT reports 5/12
SAN FRANSISCO, May 7 (Reuters) -
Percent change
1998 1997 Total Same-Store
Month $613 $403 +52 +29
Year-to-date $1,720 $1,231 +40 +17
GPS given an extra strong buy. reports 5/15. both GPS and TJX are expected to test their 52 highs.
DOLLAR GENERAL <DG.N> SAYS SAME-STORE SALES RISE 20.2 PCT
NASHVILLE, Tenn., May 7 (Reuters) - Discount retailer
Dollar General Corp. said on Thursday same store sales for the
four weeks ended May 1, 1998, increased 20.2 percent and total
sales surged 36.2 percent to $218.0 million from $160.0 million
a year ago.
"These good results benefited from the re-merchandising
efforts we implemented during the first half of last year," Cal
Turner Jr., chairman and chief executive officer, said in a
statement. "However, we note that we have tougher comparisons
with which to contend in the second half."
For the first quarter ended May 1, 1998, Dollar General
total retail sales increased 35.7 percent to $704.5 million from
$519.2 million in the same period a year ago. Same stores sales
for the thirteen week period increased 19.4 percent.
Dollar General is scheduled to announce earnings for the
first quarter ended May 1, 1998, on Tuesday, May 12, 1998 and it
will hold a conference call on that date. |
