UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 3, 2005
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
ITEM 2.02.
RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On February 3, 2005, Dollar General Corporation (the “Company”) issued a news release regarding sales results for the four-week, 13-week and 52-week periods ended January 28, 2005, as well as new store openings and store closings and the planned conference call and webcast regarding fourth quarter and fiscal 2004 year-end earnings and the outlook for fiscal 2005. The news release is attached hereto as Exhibit 99 and incorporated by reference as if fully set forth herein.
ITEM 7.01.
REGULATION FD DISCLOSURE
The information set forth in Item 2.02 above is incorporated herein by reference.
ITEM 9.01.
FINANCIAL STATEMENTS AND EXHIBITS
(a)
Financial Statements of businesses acquired. N/A
(b)
Pro Forma Financial Information. N/A
(c)
Exhibits. See Exhibit Index immediately following the signature page hereto.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: February 3, 2005 |
DOLLAR GENERAL CORPORATION |
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By: |
/s/ Susan S. Lanigan |
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Susan S. Lanigan |
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Senior Vice President and General Counsel |
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EXHIBIT INDEX
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Exhibit No. |
Description |
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99 |
News release dated February 3, 2005. |
Investor Contact:
Media Contact:
Emma Jo Kauffman
Tawn Earnest
(615) 855-5525
(615) 855-5209
DOLLAR GENERAL REPORTS INCREASED JANUARY SALES;
ANNOUNCES YEAR-END CONFERENCE CALL AND WEBCAST
GOODLETTSVILLE, Tenn. – February 3, 2005 – Dollar General Corporation (NYSE: DG) today reported total retail sales for the January four-week period ended January 28, 2005, equaled $547.4 million compared with $480.2 million last year, an increase of 14.0 percent. Same-store sales for the January period increased 5.1 percent. The average customer purchase in January was approximately $8.58 compared to $8.32 in the same period last year. Customer transactions in same-stores increased approximately 3.2 percent.
January sales by major merchandise category were as follows:
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FY 2004 |
FY 2003 |
Est. Same-Store |
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Percent of Sales |
Percent of Sales |
Sales Change |
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Highly Consumable |
69% |
67% |
+8% |
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Seasonal |
12% |
13% |
-1% |
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Home Products |
11% |
12% |
-3% |
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Basic Clothing |
8% |
8% |
-4% |
For the 13 weeks ended January 28, 2005, Dollar General total retail sales increased 11.7 percent to $2.2 billion from $2.0 billion in the same period a year ago. Same-store sales for the 13-week period increased 3.0 percent.
For the 52 weeks ended January 28, 2005, Dollar General total retail sales increased 11.5 percent to $7.7 billion from $6.9 billion in the same period a year ago. Same-store sales for the 52-week period increased 3.2 percent.
During the year, the Company opened 722 new stores and closed 102 stores. As of January 28, 2005, Dollar General operated 7,320 stores in 30 states.
Earnings Conference Call Information
Dollar General is scheduled to announce earnings for the year ended January 28, 2005 on Thursday, March 17, 2005. The Company will host a conference call on Thursday, March 17, 2005, at 10 a.m. EST to discuss the year’s results and the outlook for 2005. The security code for the conference call is “Dollar General.” If you wish to participate, please call (334) 260-2280 at least 10 minutes before the conference call is scheduled to begin. The call will also be broadcast live online at www.dollargeneral.com . A replay of the conference call will be available until 5 p.m. EST on Thursday, March 31, online or by calling (334) 323-7226. The replay pass code is 13584540.
About Dollar General
Dollar General is a Fortune 500 ® discount retailer with 7,320 neighborhood stores as of January 28, 2005. Dollar General stores offer convenience and value to customers by offering consumable basic items that are frequently used and replenished, such as food, snacks, health and beauty aids and cleaning supplies, as well as a selection of basic apparel, housewares and seasonal items at everyday low prices. The Company store support center is located in Goodlettsville, Tennessee. Dollar General’s Web site can be reached at www.dollargeneral.com .
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