Dollarama Inc. shares jumped 6% on Sept. 13 as Canadians turned to the value retailer for groceries amid higher inflation. Find out more.
“We are seeing robust performance across the board in terms of our three main product categories and their departments,” said Rossy. The sales increase enabled management to pay shareholders a dividend of seven cents a share, in line with previous quarters.
“I know the flavour of the day is all of these YouTube things about grocery, and food, and Dollarama,” Rossy told analysts, referring to the ‘Dollarama Budget Grocery Shopping Trend,’ where vloggers showcase low-cost food hauls from the retailer, “but the reality is, we haven’t grown our food section or grocery sections. It still remains a small piece of our offering, one of the many things we offer.
The value retailer beat analyst estimates. Same-store sales were five per cent higher than Stifel analysts Martin Landry and Mathieu Deneault Gauthier anticipated, theyin a Sep. 13 note. Similarly, Scotiabank analysts were “handily ,” they wrote in a note the same day.
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 reports second-quarter profit and sales up from year agoMONTREAL — Dollarama Inc. reported its second-quarter profit rose compared with a year ago as its sales also climbed nearly 20 per cent. The retailer says it earned $245.
Read more »
Dollarama raises its annual sales forecast as demand for essentials thrivesDollarama said it now expects comparable store-sales growth of between 10% and 11% for fiscal 2024, compared with between 5% and 6% estimated previously
Read more »
Dollarama raises annual sales forecast as demand for essentials thrivesConsumers in Canada, as in the United States, have been looking for cheaper deals on items ranging from cleaning supplies, groceries and clothes, as they fend off steeper costs of rentals and fuel. Discount store operators have, as a result, seen steady demand, even as other retailers struggled with softer sales. Dollarama has also increased prices for some products in order to take the pinch out of higher costs of logistics and labor, which have persisted due to supply chain snags in Canada.
Read more »
Dollarama reports second-quarter profit and sales up from year agoDollarama reported its second-quarter profit rose compared with a year ago as its sales also climbed nearly 20 per cent.
Read more »
The Daily Chase: U.S. inflation creeps higher; Dollarama sales upHere are five things you need to know this morning.
Read more »
Dollarama reports second-quarter profit and sales up from year agoSales for the quarter totalled $1.46 billion, up from $1.22 billion a year earlier.
Read more »