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The Goodlettsville-based discount retailer, which has been privately held for two reported net incomeof $83 millio in the quarter ended May 1, comparefd to $5.9 million in the year-ago period. Revenu e came in at $2.78 billion in the 2009 first up 15.7 percent from the previous year’s quarterlgy peformance of $2.4 billion. Same-store sales increases 13.3 percent for the quarter, with increaserd customer traffic and a higherd average transactionper customer. Chairmanh and CEO Rick Dreiling said the performance built on momentukfrom 2008, resulting from an improved productt mix and cost cutting.
He said regularf customers were shoppingmore frequently, and new shopperxs were entering the store, likelyy due to the weak economy. The company has more than 8,400p stores in 35 states and planas to open 450 stores and relocats or remodel 400 others in the 2009 fiscal It isthe nation’s largest “smal l box” discount retailer and employs 7,20o0 people.
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