18:59:05 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Dollarama Inc
Symbol DOL
Shares Issued 282,664,101
Close 2023-09-14 C$ 96.29
Market Cap C$ 27,217,726,285
Recent Sedar Documents

Globe says Landry reaffirms his "buy" on Dollarama

2023-09-15 08:42 ET - In the News

The Globe and Mail reports in its Friday edition that Stifel analyst Martin Landry has reaffirmed his "buy" recommendation for Dollarama. The Globe's David Leeder writes that Mr. Landry advanced his share target by $8 to $104. Analysts on average target the shares at $97.65. Mr. Landry tweaked his share target following Wednesday's release of better-than-expected second quarter fiscal 2024 financial results and guidance raise. The Globe says Mr. Landry calls Dollarama "an appealing investment proposition for investors navigating these volatile times." He says in a note: "Dollarama expects its FY24 comparable store sales to increase by 10 to 11 per cent on the back of a strong year last year and higher than the historical growth rate of 4 to 5 per cent. This outsized growth is not surprising given the macroeconomic environment and trading down patterns, but it raises questions as to how SSS will fare in FY25. In our view, SSS growth is bound to slowdown next year given the moderating inflation, comping of the $4-plus price point rollout and lapping of the strong market share gains achieved over the last two years. ... We expect FY25 SSS growth to normalize toward the company's historical range of 4 to 5 per cent."

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