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The company's net earnings also increased in the quarter to $391 million, up 20.8 per cent from the previous year
Published Apr 03, 2025 • 1 minute read
Dollarama Inc. reported higher sales and earnings in the fourth quarter as Canadians look for more value in a weakening economic environment.
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The discount retailer’s sales were up 14.8 per cent to $1.88 billion in the quarter ended Feb. 2 compared to a year ago, an increase it said was driven by growth in both its total number of stores and its comparable store sales over the past 12 months.
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Comparable store sales grew 4.9 per cent in the quarter as the number of transactions increased 5.3 per cent with a 0.4 per cent drop in average transaction size. The company attributed the growth primarily to continued demand for consumables, along with positive comparable store sales performance on seasonal items.
“Through Fiscal 2025 and in a weakening economic environment, Dollarama was there for Canadians by delivering compelling year-round value across our broad assortment of everyday goods and convenience through our growing national store network,” chief executive Neil Rossy said in a press release.
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The company’s net earnings also increased in the quarter to $391 million, up 20.8 per cent from the previous year — bringing diluted net earnings per common share up from $1.15 to $1.40, an increase of 21.7 per cent.
The company will hold its fourth quarter earnings call at 10:30 am.
More to come.
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