Wednesday, April 1st5.0°C
25326
24876

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

25621


Recent Trending




Today's Market
S&P TSX14942.55+40.11
S&P CDNX681.32+1.25
DJIA17698.18-77.94
Nasdaq4880.23-20.66
S&P 5002059.69-8.20
CDN Dollar0.7942+0.0017
Gold1203.70-4.40
Oil49.69-0.40
Lumber274.00+1.00
Natural Gas2.593-0.012

 
Okanagan Companies
Pacific Safety0.12-0.01
Knighthawk0.010.00
QHR Technologies Inc1.55+0.07
Cantex0.03-0.01
Anavex Life Sciences0.23+0.02
Metalex Ventures0.045+0.005
Russel Metals24.83+0.79
Copper Mountain Mining1.19+0.03
Colorado Resources0.11-0.01
ReliaBrand Inc0.0036-0.0024
Sunrise Resources Ltd0.04-0.01
Mission Ready Services0.23-0.02
Decisive Dividend Corporation1.80+0.02

 





FEATURED Property
22231921437 Lund Road
4 bedrooms 3 baths
$459,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Down payment

If you have less than 20% down payment, mortgage insurance is required through Canada Mortgage & Housing (CMHC), Genworth or Canada Guaranty. Homeowners no longer need the minimum 5% down payment ...


CRA Notice of Assessment

Many Canadians rush to file their taxes on time each year and don’t think about it until the next year. One of the most overlooked notices received from the CRA annually is the annual Notice of ...


Medical confidential?

If ICBC asks your doctor for your information you may wonder: Can ICBC ask my doctor for my medical information? Can ICBC request a medical report from my doctor without my consent? What is ICBC entit...

_








Member of BC Press Council


25692