13:25:22 EDT Mon 13 May 2024
Enter Symbol
or Name
USA
CA



Dollarama Inc
Symbol DOL
Shares Issued 281,241,629
Close 2023-12-14 C$ 92.88
Market Cap C$ 26,121,722,502
Recent Sedar Documents

Globe says Dollarama profit jumps 31.4%

2023-12-14 08:19 ET - In the News

The Globe and Mail reports in its Thursday edition that Dollarama reported a 31.4-per-cent jump in profit in its third quarter. The Globe's Susan Krashinsky Robertson writes that Dollarama's comparable sales grew by 11.1 per cent in the quarter ended Oct. 29, marking the sixth consecutive quarter in which comparable sales grew by a double-digit percentage. Dollarama reported that the number of transactions at its stores increased 10.4 per cent in the quarter. Its net earnings grew to $261.1-million or 92 cents a share in the 13 weeks ended Oct. 29, compared with $201.6-million or 70 cents in the third quarter the prior year. Sales are up across product categories, and people continue to buy more "consumables" than usual at Dollarama, such as food and household products. Sales grew by 14.6 per cent to $1.5-billion. The increase owed to both new store openings and sales growth at existing stores. Dollarama has opened 55 net new stores so far this fiscal year, and is on track to meet its goal of opening 60 to 70 new locations by the end of the year. On Wednesday, Dollarama boosted its sales outlook for the year, predicting that comparable sales will increase by 11 to 12 per cent for the fiscal year ending Jan. 28.

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