Dollarama reports $285.9M Q2 profit, up from $245.8M a year ago
Dollarama Inc. reported a second-quarter profit of $285.9 million, up from $245.8 million in the same quarter last year as its sales rose 7.4 per cent.
The retailer says the profit amounted to $1.02 per diluted share for the 13-week period ended July 28, up from 86 cents per diluted share a year earlier.
Sales totalled $1.56 billion for the quarter, up from $1.46 billion in the same quarter last year.
Comparable store sales, a key metric for retailers, increased by 4.7 per cent.
The increase in comparable store sales included a 7.0 per cent increase in the number of transactions and a 2.2 per cent drop in average transaction size.
Dollarama chief executive Neil Rossy says the company generated strong results across the board as its comparable store sales continued to normalize.
This report by The Canadian Press was first published Sept. 11, 2024.
CTVNews.ca Top Stories
Liberal MP endorses 'robust caucus discussion' about whether Trudeau should still lead the party
Amid mounting pressure from within the Liberal caucus for Prime Minister Justin Trudeau to consider stepping down as party leader, Liberal MP Anthony Housefather says there should be 'robust' conversations on the topic.
Stricter regulation of candidate nominations a 'complex space': PM's chief of staff
Prime Minister Justin Trudeau's chief of staff says there's no simple answer to bolstering the integrity of political nomination contests.
Thousands of cleaning supplies may contain substances linked to health problems
When you go through the chore of cleaning your home, you hope the end result is a safer, healthier environment for you and your loved ones. But some of the products you are using might put your health at risk.
Rufus Wainwright calls Trump's use of 'Hallelujah' cover the 'height of blasphemy'
Rufus Wainwright says he was 'horrified' to learn that Donald Trump played his cover version of 'Hallelujah' during a presidential campaign event in Pennsylvania on Monday.
90 charges withdrawn against father and his common-law partner in Edmonton child abuse case
Charges have been withdrawn against a man and a woman who faced a combined 90 charges in a child and animal abuse case.
Canadian support for Donald Trump higher than in last U.S. presidential election, survey finds
While more Canadians are signalling their support former U.S. president Donald Trump, the majority remains hopeful for a Democratic win.
BREAKING Canada and U.S. list Samidoun as terrorist group, U.S. adds Canadian to terror list
Canada is listing the pro-Palestinian group Samidoun as a terrorist group, while the U.S. has added a Canadian citizen affiliated with the organization to its counter-terrorism list.
Canadian teen wins second place in international neuroscience competition
A Winnipeg high school student placed second in an international neuroscience contest where she competed against nearly 3,000 other students from 40 countries in Chicago, Ill.
Food prices continue to outpace inflation in Canada
For the second straight month, grocery prices in Canada rose faster than the inflation rate, and beef in particular is significantly pricier than it was last year.