Dollarama posts higher quarterly sales, raises stake in Dollarcity
Adds details throughout
June 12 (Reuters) -Dollarama DOL.TO posted an increase in first-quarter sales and profit on Wednesday, as more Canadians shopped at its stores for affordable groceries and essentials.
Canadian consumers have been looking for affordable deals and bargains for a wide range of products such as clothes, groceries and cleaning supplies, as they grapple with higher cost of living.
Constrained household budgets have encouraged more people to visit discount stores such as Dollarama and Dollar Tree DLTR.O, which sell essential products used by consumers at competitive prices.
"We are seeing a progressive normalization in comparable store sales, with growth primarily driven by persistent higher than historical demand for core consumables and other everyday essentials," CEO Neil Rossy said.
The Montreal-based discount store's sales rose 8.6% to C$1.41 billion ($1.03 billion) in the quarter ended April 28, compared with C$1.29 billion a year ago and in line with LSEG estimates.
The company earned 77 Canadian cents per share compared with 63 Canadian cents a year ago. Analysts on average were expecting a profit of 76 Canadian cents.
The retailer reaffirmed its annual comparable sales forecast of growth between 3.5% and 4.5%.
Separately, Dollarama said it had acquired an additional 10% stake in Latin American value-retailer Dollarcity, increasing its stake to 60.1%.
Dollarama, which is looking to expand its business in Latin American countries and Mexico, said the deal is unlikely to impact its net earnings per share for fiscal 2025.
($1 = 1.3747 Canadian dollars)
Reporting by Granth Vanaik in Bengaluru; Editing by Mohammed Safi Shamsi
免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。