Full year 2012 net sales increased 8.2 percent to $16.02 billion compared to net sales of $14.81 billion in 2011. Excluding the impact of the 2011 53rd week, net sales increased 10.4 percent. Same-store sales, based on the comparable 52-week periods ended February 1, 2013 and February 3, 2012, increased 4.7 percent, including increases in both customer traffic and average transaction amount, resulting from the refinement of the Company’s merchandise offerings, improvements in category management processes and store standards, and increased utilization of store square footage. 

 

Dollar General Corporation reported record sales, operating profit and net income for its fiscal 2012 fourth quarter (13 weeks) and full year (52 week#

The increase in sales of consumables outpaced non-consumables, with sales of snacks, candy, beverages and perishables contributing the majority of the increase throughout the year.

 

Dollar General Corporation reported record sales, operating profit and net income for its fiscal 2012 fourth quarter (13 weeks) and full year (52 week#

The Company’s gross profit rate was 31.7 percent of sales in 2012 and 2011. Factors favorably impacting the gross profit rate included a significantly lower LIFO provision, higher inventory markups, and improved transportation efficiencies due in part to a decrease in average miles per delivery enabled by the Company's new distribution centers and other logistics initiatives. 

 

Dollar General Corporation reported record sales, operating profit and net income for its fiscal 2012 fourth quarter (13 weeks) and full year (52 week#

These positive factors were offset by higher markdowns, a reduction in price increases and a modest increase in the inventory shrinkage rate compared to 2011. In addition, consumables, which generally have lower markups than non-consumables, represented a greater percentage of sales in 2012 than in 2011. Primarily as the result of lower inflation on commodities in 2012, the LIFO provision decreased to $1.4 million in 2012 compared to $47.7 million in 2011.

 

Dollar General Corporation reported record sales, operating profit and net income for its fiscal 2012 fourth quarter (13 weeks) and full year (52 week#