Dollarama earns $273.8M Q1 profit, up from $215.8M a year ago, sales up 8.2%
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MONTREAL — Dollarama Inc. reported a first-quarter profit of $273.8 million, up from $215.8 million a year earlier, as its sales rose 8.2 per cent.
The retailer says its profit amounted to 98 cents per diluted share for the 13-week period ended May 4, up from 77 cents per diluted share a year earlier.
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Dollarama earns $273.8M Q1 profit, up from $215.8M a year ago, sales up 8.2% Back to video
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Excluding an unrealized gain from a derivative on equity-accounted investment, Dollarama says it would have earned 95 cents per diluted share in its most recent quarter.
Sales for the quarter totalled $1.52 billion, up from $1.41 billion in the same quarter last year.
The increase came as comparable store sales for the quarter increased by 4.9 per cent, including a 3.7 per cent increase in the number of transactions and a 1.2 per cent increase in average transaction size.
Dollarama says the growth was primarily driven by strong demand for consumables, while also benefiting from its seasonal offerings.
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