Reuters

(Reuters)

Dollar General Quarterly Sales Jump

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Discount retailer Dollar General Corp reported an 8.8 percent rise in quarterly sales, helped by higher demand for tobacco and healthcare products and perishable food items.

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The company's net income rose to $253.2 million, or 84 cents per share, in the first quarter ended May 1 from $222.4 million, or 72 cents per share, a year earlier.

Sales rose to $4.92 billion from $4.52 billion.

Dollar General's same-store sales rose 3.7 percent. Analysts on average had expected a 4.1 percent rise, according to research firm Consensus Metrix. (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Kirti Pandey)