Dollarama at Yonge and Wellesley in Toronto.
Dollarama posted an increase in first-quarter sales and profit on Wednesday, as more Canadians shopped at its stores for affordable groceries and essentials.Posted: Jun 12, 2024 10:27 AM EDT | Last Updated: 15 minutes ago
Canadian consumers have been looking for affordable deals and bargains for a wide range of products such as clothes, groceries and cleaning supplies, as they grapple with higher cost of living. "We are seeing a progressive normalization in comparable store sales, with growth primarily driven by persistent higher than historical demand for core consumables and other everyday essentials," CEO Neil Rossy said.
The company earned 77 Canadian cents per share compared with 63 Canadian cents a year ago. Analysts on average were expecting a profit of 76 Canadian cents.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dollarama Misses on Sales Growth as Consumer Spending WeakensCanadian discount retailer Dollarama Inc. reported lower-than-expected sales growth as consumer demand begins to level off.
Read more »
Dollarama posts higher quarterly sales, raises stake in DollarcityCanadian consumers have been looking for affordable deals and bargains for a wide range of products such as clothes, groceries and cleaning supplies, as they...
Read more »
Future of Church-Wellesley's 'orphan' parkette up in the airConnie Langille, of the Church Wellesley Neighbourhood Association, says she'd like to see few modest improvements to the park, to reverse its 'eyesore' condition.
Read more »
Dollarama plans expansion to Mexico, posts rise in quarterly earningsDollarama Inc. has increased its stake in Latin American retailer Dollarcity to 60.1 per cent with the acquisition of an additional 10 per cent interest.
Read more »
Dollarama plans expansion of Dollarcity to MexicoDollarama Inc. has increased its stake in Latin American retailer Dollarcity to 60.1 per cent with the acquisition of an additional 10 per cent interest and announced plans that will see Dollarcity expand into Mexico.
Read more »
Dollarama ups stake in Latin American business Dollarcity, plans expansion to MexicoDollarama Inc. has increased its stake in Latin American retailer Dollarcity to 60.1 per cent with the acquisition of an additional 10 per cent interest and announced plans that will see Dollarcity expand into Mexico.
Read more »