(Montreal) Dollarama reported Wednesday that its second-quarter profit increased from last year, with sales also climbing nearly 20%.
The retailer reported net income of 245.8 million, or $0.86 per share, for the quarter ended July 30, up from profit of 193.5 million, or $0.66 per share, earned during the same quarter of the previous financial year.
Sales for the quarter totaled 1.46 billion, up from 1.22 billion the year before.
According to Dollarama, this increase is attributable to the increase in the total number of stores over the last 12 months and the increase in same-store sales.
Same-store sales increased 15.5% in the quarter, with the number of transactions increasing 12.9% and the average transaction size increasing 2.3%.
Dollarama had 1,525 stores at the end of its most recent quarter, up from 1,444 a year earlier.
Company in this news report: (TSX: DOL)
