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.
