Dollarama had 1,525 stores at the end of its latest quarter, up from 1,444 a year earlier. (Photo: The Canadian Press)
Dollarama (TSX:DOL) reported Wednesday that its second-quarter profit increased compared to last year, with its sales also increasing by almost 20%.
The retailer reported net income of $245.8 million, or $0.86 per share, for the quarter ended July 30, up from profit of $193.5 million, or $0.66 per share. , carried out during the same quarter of the previous financial year.
Sales for the quarter totaled $1.46 billion, up from $1.22 billion the year before.
According to Dollarama, this increase is attributable to the increase in the total number of stores over the last 12 months and the increase in same-store sales.
Same-store sales increased 15.5% in the quarter, with the number of transactions increasing 12.9% and the average transaction size increasing 2.3%.
Dollarama had 1,525 stores at the end of its latest quarter, up from 1,444 a year earlier.
Dollarama (DOL, $89.36) reported Wednesday that its second-quarter profit increased from last year, with sales also climbing nearly 20%.
The retailer reported net income of $245.8 million, or $0.86 per share, for the quarter ended July 30, up from profit of $193.5 million, or $0.66 per share. action, carried out during the same quarter of the previous financial year.
Sales for the quarter totaled $1.46 billion, up from $1.22 billion the year before.
According to Dollarama, this increase is attributable to the increase in the total number of stores over the last 12 months and the increase in same-store sales.
Same-store sales increased 15.5% in the quarter, with the number of transactions increasing 12.9% and the average transaction size increasing 2.3%.
Dollarama had 1,525 stores at the end of its latest quarter, up from 1,444 a year earlier.
