The Globe and Mail reports in its Tuesday edition that Desjardins's Chris Li has reaffirmed his "buy" recommendation and $93 share target for Dollarama. The Globe's David Leeder writes that analysts on average target Dollarama shares at $90.39. Mr. Li expects Dollarama's first quarter 2024 earnings report to "reflect continued strong consumer preference for value, partly offset by unfavourable product mix on margin, and labour cost pressures." Mr. Li does not expect the Wednesday release to be a catalyst for Dollarama in the near term, however he predicts it will reaffirm his projection of "attractive annual 14– to 15-per-cent EPS [earnings per share] growth in the next couple of years (partly driven by higher price points) -- supporting valuation -- and for share price appreciation to track EPS growth." After tweaking his financial projections, Mr. Li is now forecasting earnings per share of 58 cents, a penny below the consensus estimate with same-store sales growth of 10 per cent (versus the Street's 11-per-cent expectation) driven by traffic gains, which he thinks are "returning to prepandemic levels. ... We maintain our positive long-term view and expect share price appreciation to largely track EPS growth."