Dollarama reported its second-quarter profit rose compared with a year ago as its sales also climbed nearly 20 per cent.
Even as inflation continues to rankle consumers, Dollarama Inc.'s chief executive says the launch of a new $5 price point has been"well accepted" by shoppers.
The cost of goods still remains stubbornly high, especially in the grocery category where Dollarama competes, and as a result, Rossy has noticed consumers are taking up"value-seeking behaviour." In its fiscal full-year outlook, the company raised its expectations for comparable store sales growth to between 10.0 and 11.0 per cent.
Though many real estate firms report an increase in vacancies, Rossy said,"real estate is something that we must always chase down and stay on top of and manage."
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