Monday, August 31st15.0°C
26774
26753

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




Recent Trending




Today's Market
S&P TSX13865.07+98.40
S&P CDNX555.67+10.10
DJIA16643.01-11.76
Nasdaq4828.32+15.62
S&P 5001988.87+1.21
CDN Dollar0.7536-0.0032
Gold1119.50-5.10
Oil44.46-0.76
Lumber237.20-9.70
Natural Gas2.664-0.051

 
Okanagan Companies
Pacific Safety0.165+0.005
Knighthawk0.010.00
QHR Technologies Inc1.29+0.05
Cantex0.04-0.01
Anavex Life Sciences1.34-0.05
Metalex Ventures0.055+0.000
Russel Metals21.41+0.43
Copper Mountain Mining0.64-0.01
Colorado Resources0.075-0.005
ReliaBrand Inc0.004-0.000
Sunrise Resources Ltd0.025+0.005
Mission Ready Services0.07+0.01
Decisive Dividend Corp2.75+0.14

 





FEATURED Property
18622483693 Green Bay Landing, West Kelowna, BC
4 bedrooms 4 baths
$2,995,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Agree to ask questions

Photo: Thinkstock.comThe STORY: I think, said Janet to herself, that I just figured out a solution to my problem of letting the prospect run the meeting.With that thought in mind, she got out of her c...


Your business is not a bank

Photo: Thinkstock.comYour plumbing business is not a bank. But when you are giving terms to customers that exceed what you get from your suppliers, you become one. And every time that someone does not...


Begin with the end in mind

Photo: ContributedWe humans love our dates: birthdays, anniversaries, 9/11, the Ides of March - our lives are intimately woven within the tapestry of the calendar. So it should come as no surprise whe...

_





26509


Member of BC Press Council


24697