Dollar General reports growth for second quarter of FY 2015 | Apparel Resources
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Dollar General reports growth for second quarter of FY 2015

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Image Courtesy: huffingtonpost.com

                 Image Courtesy: huffingtonpost.com

In a recent release, Dollar General Corporation reported a growth in its net income for the second quarter of 2015, from US $ 251 million last year to US $ 282 million this year. Net sales, which were US $ 4.72 billion last year, increased by 7.9 per cent to reach US $ 5.10 billion this year. Gross profit of 31.2 per cent of the net sales was recorded for the second quarter of 2015, which was attributable to higher initial inventory markups, an improved inventory shrink rate and lower transportation costs, partially offset by increased markdowns. 

 

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