Dollarama reports second-quarter profit and sales up from year ago mark

MONTREAL - Dollarama Inc. earned $141.8 million in its latest quarter, up from $131.8 million a year ago.

The retailer says the profit amounted to 43 cents per diluted share for the quarter ended July 29 compared with a profit of 38 cents per diluted share a year ago.

Analysts on average had expected a profit of 44 cents per share for the quarter, according to Thomson Reuters Eikon.

Sales totalled nearly $868.5 million, up from nearly $812.5 million in the same quarter last year.

Comparable store sales growth totalled 2.6 per cent compared with 6.1 per cent a year ago.

The retailer noted the lower rate of comparable store sales growth reflected a decision to minimize price increases.

Let's block ads! (Why?)

Bagikan Berita Ini