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.Story continues below advertisement “Our performance year to date for this fiscal year reflects our differentiated ability to provide compelling value across our broad product mix and a consistent shopping experience,” Dollarama chief executive Neil Rossy said in a statement.“Dollarama continues to deliver unparalleled value to a growing number of consumers seeking affordable everyday products at low price points, and we expect this strong demand to persist through the second half of the year in the current macroeconomic context.
In its outlook for its full year, the company raised its expectations for comparable store sales growth to between 10.0 and 11.0 per cent. The company had said in March that it expected comparable store sales growth for the year between 5.0 and 6.0 per cent.
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