Dollarama reports $359.3M Q2 profit, up from $321.5M a year ago
Dollarama reported a second-quarter profit of $349.3 million, up from $321.5 million in the same quarter last year.
The retailer says it profit amounted to $1.29 per diluted share for the quarter ended Aug. 2, up from $1.16 per diluted share a year earlier.
Sales for the quarter amounted to $2.03 billion, up from $1.72 billion.
Comparable store sales in Canada rose 5.4 per cent, including a 3.7% increase in the number of transactions and a 1.7% increase in average transaction size.
READ: Dollarama has 'smooth' Q1, bracing for impacts of Iran war: CFO
In its outlook for its 2027 financial year, the company says it expects Canadian net new store openings to total between 65 and 75, up from earlier expectations for 60 to 70.
Dollarama also raised its Canadian comparable store sales guidance for the year to 4.0 to 4.5%, up from earlier guidance for 3.0 to 4.0%.
