Dollarama Inc. reported a 12% increase in Q4 sales to $1.64bn, with an 8.7% increase in comparable store sales and a 26% rise in profit.
Dollarama Inc., a leading discount store operator, has reported strong financial results for Q4, with a 12% increase in sales to $1.64bn (up from $1.47bn a year earlier). The Montreal-based company also experienced an 8.7% increase in comparable store sales and a 26% increase in profit to $1.15 per diluted share. In response to these positive results, Dollarama has increased its quarterly dividend by 30% to 9.2 cents per share. The company attributes its success to the increasing demand for discounted groceries and essentials amid rising consumer prices.
April 04, 2024
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