Dollarama reports third-quarter profit and sales up from year ago
|CTVnews 07 Dec 2016 at 04:34|
MONTREAL -- Dollarama Inc. (TSX:DOL) saw its third-quarter profit grow to nearly $110.1 million compared with nearly $100.1 million in the same quarter a year ago.
The retailer says the profit amounted to 92 cents per diluted share, up from 78 cents per diluted share a year a year ago when it had more shares outstanding.
Revenue for the quarter for the quarter ended Oct. 30 totalled $738.7 million, up from $664.5 million.
The growth came as the company reported comparable store sales grew 5.1 per cent compared with 6.4 per cent growth in the same quarter last year.
The retailer said it added 18 net new stores during its third quarter compared with 16 net new stores in the year-ago quarter.