Dollarama beats expectations as sales continue to rise

MONTREAL — Dollarama Inc. says it earned $130.1 million in its third quarter, up from $110.1 million in the same quarter last year, boosted by higher sales.The company (TSX:DOL) says the profit amounted to $1.15 per diluted share, up from 92 cents per diluted share a year ago when the company had more shares outstanding.Analysts on average had expected a profit of $1.11 per share, according to Thomson Reuters.Is Dollarama about to meet its match? Miniso, Japan’s $2.99-store, plans to open 500 shops‘Death by Amazon’: Why some retailers are withstanding the onslaughtSix stocks that will win (or lose) on the soaring loonieSales in the 13 weeks ended Oct. 29 totalled $810.6 million, up from $738.7 million.Comparable store sales grew 4.6 per cent as the average transaction size grew 4.5 per cent and the retailer saw a 0.1 per cent increase in the number of transactions.Dollarama had 1,135 stores at the end of the quarter, up from 1,069 stores a year ago.

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