Subscribe Login
DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Retail

Dollarama's Fourth Quarter Profit Misses Estimates

Canadian discount chain Dollarama Inc's quarterly profit marginally missed analysts' estimates on Thursday, as fewer customers shopped at its dollar stores.

The company said while average transaction size rose 3% in the quarter, the comparable store sales growth was partially offset by a 0.4% fall in the number of transactions.

The retailer's comparable store sales for the fourth quarter ended Feb. 3 rose 2.6%.

New Openings

Dollarama said it opened 33 new stores in the quarter, compared with 25 stores a year ago.

The Montreal-based company's net income for the quarter rose to C$171.98 million ($128.1 million), or 54 Canadian cents per share, from C$162.83 million, or 48 Canadian cents per share, a year earlier.

Analysts had expected the company to report a profit of 55 Canadian cents per share.

Total sales rose 13% to C$1.06 billion.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days