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The Goodlettsville-based discount retailer, whicuh has been privately held fortwo years, reporterd net income of $83 million in the quarterr ended May 1, comparedf to $5.9 million in the year-ago period. Revenue came in at $2.78 billiob in the 2009 first quarter, up 15.7 percen t from the previous year’s quarterly peformance of $2.4 Same-store sales increased 13.3 percengt for the quarter, with increased customer traffiv and a higher average transaction per Chairman and CEO Rick Dreiling said the performance builg on momentumfrom 2008, resulting from an improve product mix and cost He said regular customers were shopping more frequently, and new shoppers were enterintg the store, likely due to the weak The company has more than 8,400 storeas in 35 states and plans to open 450 stores and relocate or remodelo 400 others in the 2009 fiscal year.
It is the nation’e largest “small box” discouny retailer and employs 7,200 people.
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