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

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

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.

The quarterly report was issued ahead of Dollarama’s annual shareholders meeting in Montreal.

The Canadian Press

…………………………………………………………………………………………………………….……………………………The_Quebec_Book_cover_Promo_small

Would you like to support a project based right here in Quebec?

This book is being co-authored by two people who are passionate about Quebec and everything it has to offer. One of the authors moved to the region some years ago while the other was born and raised in Quebec.

The Québec Book is a unique guide for anyone interested in learning about Quebec culture and the language spoken here. You could be someone visiting Québec, planning to move to Québec, or already living here. Or maybe you’re a native English speaker, a native French speaker, or a speaker of any other language for that matter.

Pre-Order The Québec Book Now and Receive a Bonus!

Categories: Business

About Author

Write a Comment

Only registered users can comment.