Wednesday, July 23rd17.1°C
22714
22455

Dollarama makes mega dollars

Dollarama Inc. (TSX:DOL) had a big increase in third quarter net earnings in its latest quarter, as well as a jump in revenue from higher sales at established locations and additional stores in its network.

The general merchandiser to the budget conscious said Thursday that net profits in the three months ended Oct. 28 were $51.5 million or 68 cents per diluted share.

That was up from $41.8 million or 55 cents in the comparable year-earlier period.

Dollarama's revenues soared 14.4 per cent to just under $458 million from $400.3 million and included a 6.6 per cent increase in same-store sales at locations open at least a year.

The number of stores in operation rose to 761 from 690 in the year-earlier period

The Canadian Press


Read more Business News

21411


Recent Trending




Today's Market
S&P TSX15315.13+65.14
S&P CDNX1010.884.40
DJIA17113.5461.81
Nasdaq4456.016+31.312
S&P 5001983.53+9.90
CDN Dollar0.9329+0.0016
Gold1313.40+4.2001
Oil104.30-0.29
Lumber332.50+6.20
Natural Gas3.785+0.013

 
Okanagan Companies
Pacific Safety0.200.00
Knighthawk0.01-0.005
QHR Technologies Inc1.19+0.04
Cantex0.06+0.005
Anavex Life Sciences0.33-0.018
Metalex Ventures0.07+0.005
Russel Metals35.60+0.61
Copper Mountain Mining2.83+0.14
Colorado Resources0.215+0.015
ReliaBrand Inc0.10+0.019
Sunrise Resources Ltd0.025-0.005
Mission Ready Services0.19+0.01

 



21623

FEATURED Property
1889545Rare Find~ 2 Okanagan lakefront lots
$119,999
more details
image2image2image2
Click here to feature your property
Please wait... loading


Labour shortage in BC

The mainstream media are finally waking up to something unusual in British Columbia – a labour shortage. If the experience of Alberta is a guide to our own future, the highly skilled labour will...


Learn to delegate effectively

Photo: ContributedI have the pleasure of witnessing people delegate tasks quite often. Sometimes with tremendous success and sometimes with disastrous consequences. I have chaired a lot of committees...


Euro debt woes re-emerge

Big Picture Euro debt woes re-emerge Europe’s debt woes jumped back into the headlines this week trumping other economic, geopolitical and corporate developments. Word that one of Portugal&rsquo...

_








Member of BC Press Council


22097