• August 31, 2010

Times are good for Dollar General Corp., which says it recorded record sales and earnings for its second quarter, and raised its financial forecasts for the remainder of the year. Adjusted net income soared 55% to $145 million, while sales climbed 10.8% to $3.21 billion, compared to $2.9 billion in the same period a year ago. On a same-store basis, sales rose 5.1%.

"The combination of the right strategies, good execution and superior margin performance enabled us to effectively manage through a volatile quarter," Rick Dreiling, chairman/CEO of the Goodlettsville, Tenn.-based dollar store, says in its release. "During the second quarter, we saw same-store sales accelerate in the last month, and I am encouraged with sales so far in the third quarter."