Dollar General Corporation Reports Record Second Quarter Sales and Earnings.

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Dollar General Corporation Reports Record Second Quarter Sales and Earnings.

* Second Quarter Same-Store Sales Increased 5.1%

* Gross Margin Expanded 101 Basis Points to 32.2%

* Operating Profit Increased 29% to $301 million

* Adjusted EBITDA Increased 20% to $367 million

* Adjusted Net Income Increased 55% to $145 million, or $0.42 per diluted share

* Net Income Increased 51% to $141 million, or $0.41 per diluted share

* Company Raises 2010 Financial Outlook

GOODLETTSVILLE, Tenn. -- Dollar General Corporation (NYSE: DG) today reported financial results for its fiscal 2010 second quarter (13 weeks) ended July 30, 2010. Net income was $141.2 million, or diluted earnings per share ("EPS") of $0.41. Excluding a net loss of $6.4 million ($3.9 million after income taxes) relating to the early repayment of certain long-term obligations, net income for the 2010 second quarter was $145.1 million, or diluted EPS of $0.42, compared to net income of $93.6 million, or diluted EPS of $0.29, in the second quarter (13 weeks) of fiscal 2009.

"Our outstanding results for the second quarter build on our track record of success over the last ten quarters," said Rick Dreiling, chairman and chief executive officer. "The combination of the right strategies, good execution and superior margin performance enabled us to effectively manage through a volatile quarter. 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."

"Fiscal 2010 is on track to be another great year for Dollar General, re...

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