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Dollar General Profit Jumps

 

Shares of discount retailer Dollar General(DG Quote) were moving higher in Thursday premarket trading after the company posted a 12.5% increase in first-quarter profit, matching the consensus estimate of analysts.

The company earned $67.8 million, or 20 cents a share, in the period ended April 30, compared with $60.3 million, or 18 cents a share, in the year-earlier period. Total sales were $1.75 billion, up 11.4%, while same-store sales increased 3% in the quarter.

Recently, the stock was up $1.25, or 6.7%, at $20. ...

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