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The company’s net sales rose 27.6% to $8.45 billion in the first quarter ended May 1, beating analysts’ estimates of $7.61 billion. It was the company’s biggest jump in sales since at least February 2006, according to Refinitiv Eikon data.
Dollar General’s same-store sales jumped 21.7%.
Separately, Dollar Tree Inc (O:DLTR), which uses a larger portion of its shelf space for discretionary items like holiday cards and party supplies that may not have sold as well in the crisis, also reported a 7% rise in same-store sales for the quarter.
Dollar General also reported a 69% rise in quarterly net earnings and said it expects to exceed its annual sales and profit forecasts.
