News

Dollarama s revenue, profit surge as customers spend more per transaction

Dollarama s revenue, profit surge as customers spend more per transaction
Top Stories
MONTREAL -- A 10-per-cent increase in sales at Dollarama Inc. (TSX:DOL) helped push up the discount chain s latest quarterly profit to $94.7 million.

The Montreal-based retailer s profit equalled 82 cents per share of net income for the quarter ended April 30.

That was up from $83.2 million, or 68 cents per share of net income, in the comparable period last year.

Analysts had estimated 79 cents per share of profit for this year s first quarter, according to Thomson Reuters data.

However, analysts had expected Dollarama s sales to grow even more than they did.

Dollarama recorded $704.9 million of sales, below the estimate of $716 million.

The company says an increase in the average transaction value drove an increase in comparable sales growth, which was 4.6 per cent, but that was partly offset by a decline in the number of transactions relative to the same time last year.
Read more on CTVnews
News Topics :
Similar Articles :
Business
MONTREAL—A 10 per cent increase in sales at Dollarama Inc. helped push up the discount chain’s latest quarterly profit to $94.7 million. The Montreal based retailer’s profit equalled 82 cents per share of...
Business
MONTREAL Dollarama Inc. TSX DOL said Thursday it earned $73 million in its latest quarter, up from $61.7 million a year ago as sales increased 12 per cent. The discount...
Business
The retailer says the profit amounted to 41 cents per diluted share for the company s third quarter, up from 38 cents per share in the same quarter last year....
Business
MONTREAL Dollarama Inc. TSX DOL says its overall sales in the second quarter were 14.1 per cent higher than last year driving up the discount retailer s profit to...
Business
MONTREAL Dollarama Inc. says its overall sales in the second quarter were 14.1 per cent higher than last year driving upthe discount retailer s profit to $95.5 million....