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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.
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Dollarama informa un aumento de ganancias del 23,5% en el cuarto trimestre a 323,8 millones de dólares, a pesar de los hurtos y la inflación.