Dollarama reports 23.5% Q4 profit increase to $323.8 million, despite shoplifting and inflation.

Dollarama, a Canadian budget retailer, reported a 23.5% increase in profits for Q4, reaching $323.8 million, despite a rise in shoplifting incidents and inflation. Sales for the 13-week period totaled $1.64 billion, up from $1.47 billion in the previous year, while comparable store sales rose 8.7%. The company plans to focus on refreshing its merchandise to cope with the uncertain economy and changing consumer behavior.

April 04, 2024
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