(Montreal) The Dollarama chain reported on Wednesday that it made a net profit of 179.9 million during its last quarter, up from 145.5 million in the corresponding period last year.
Its sales increased by 20.7%.
The Quebec retailer says its earnings were $0.63 per diluted share for the quarter ended April 30, up from $0.49 per diluted share a year earlier.
Sales in what was the company’s first quarter totaled 1.29 billion, compared to 1.07 billion in the same quarter last year. The increase came as same-store sales rose 17.1% on increases of 15.5% in the number of transactions and 1.4% in average transaction size.
Dollarama attributes the rise in same-store sales to strong demand across its offerings, including consumables, seasonal items and general merchandise.
Analysts on average had expected earnings of $0.59 per share and $1.25 billion in sales, according to estimates compiled by financial markets data firm Refinitiv.
Company quoted in this dispatch: (TSX: DOL)