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Higher sales lift Dollarama profits

December 6, 2017 1:59 PM
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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 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.

Sales in the 13 weeks ended Oct. 29 totalled $810.6 million, up from $738.7 million.

Dollarama had 1,135 stores at the end of the quarter, up from 1,069 stores a year ago.

Also read: Retailer Roots sales up, profits down in third quarter compared to year ago

Source: thestar.com

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