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Money Dollarama Q1 profit up 7.3% on higher sales

16:06  07 june  2018
16:06  07 june  2018 Source:   msn.com

A recent poll suggests these are 3 of Canada’s favourite companies

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Shares of the retail chain hit an all-time high of 7.80 in early trading on the Toronto Stock Exchange after it again reported strong quarterly results. By the afternoon, they were up 10.3 per cent at 4.31. Dollarama ’s profit rose 24 per cent to 1.8 million in its second quarter, prompting it to

Dollarama profit up 18% on surge in sales . To keep up with demand, the company said it will expand its distribution centre in Montreal by 50 per cent to about 500,000 square feet.

a group of people standing in front of a store© Provided by thecanadianpress.com MONTREAL - Dollarama Inc. says its first-quarter profit increased to $101.6 million from $94.7 million last year, mainly as a result of increased sales and cost controls.

The Montreal-based company's net income amounted to 92 cents per diluted share, up from 82 cents per share in last year's fiscal first quarter.

Sales for the 13 weeks ended April 29 were $756.1 million, up 7.3 per cent from $704.9 million in the comparable period a year earlier.

Comparable store sales grew 2.6 per cent from last year, while the number of stores grew by 62 locations to 1,170.

The discount retailer said its cost control efforts and productivity improvements had reduced overhead costs as a percentage of sales and mitigated the impact of minimum wage increases, which went into effect in Ontario on Jan. 1.

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Dollarama comparable store sales rose 4.5 per cent in the last year, on top of 5.1 per cent the previous year. The company said Wednesday that profit amounted to .15 per diluted share, up from 92 cents per diluted share a year ago when the company had more shares outstanding.

30 totalled 8.7 million, up from 4.5 million. The growth came as the company reported comparable store sales grew 5.1 per cent. Related Stories. Dollarama profit soars on higher sales , margin.

Companies in this story: (TSX:DOL)

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21 Things You Should Always Buy at a Dollar Store: Dollar stores lure us in with rock-bottom prices. Sometimes you get what you pay for, but often the things they sell are good products at a tremendous discount — a real bargain.Here’s what bargain-shopping experts say are good buys at dollar stores (as opposed to just cheap buys).It's not the usual blah, blah, blah. Click here to sign up for our free newsletter. 21 things you should always buy at a dollar store

Canada Goose Holdings Inc. (TSX:GOOS) Records a Strong Q4 as Sales Soar More Than 140% .
Canada Goose Holdings Inc. (TSX:GOOS)(NYSE:GOOS) had a strong Q4, and more growth could be on the way.Canada Goose Holdings Inc.  (TSX:GOOS)(NYSE:GOOS) released its fourth-quarter results on Friday. The company saw another quarter of impressive growth, as its sales were up over 144% from a year ago, and it also recorded an $8 million profit on sales of $125 million, which is a big improvement from the $23 million loss that Canada Goose recorded this time last year.

Source: http://ca.pressfrom.com/news/money/-77999-dollarama-q1-profit-up-7-3-on-higher-sales/

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