Dollarama reports second-quarter profit and sales up from year ago
By The Canadian Press on September 13, 2023.
MONTREAL – Dollarama Inc. reported its second-quarter profit rose compared with a year ago as its sales also climbed nearly 20 per cent. The retailer says it earned $245.8 million or 86 cents per diluted share for the quarter ended July 30, up from a profit of $193.5 million or 66 cents per diluted share in the same quarter last year. Sales for the quarter totalled $1.46 billion, up from $1.22 billion a year earlier. Dollarama says the increase was driven by growth in its total number of stores compared with a year ago and higher comparable store sales. Comparable store sales for the quarter rose 15.5 per cent as the number of transactions gained 12.9 per cent and the average transaction size added 2.3 per cent. Dollarama had 1,525 stores at the end of its most recent quarter, up from 1,444 a year earlier. This report by The Canadian Press was first published Sept. 13, 2023. Companies in this story: (TSX:DOL) 9-8
