Canadian value retailer Dollarama reported sales increase of 19.6 per cent to $1.456 billion for the second quarter ended July 31, driven by growth in the number of stores over the past 12 months.
Comparable store sales were up 15.5 per cent, attributable to higher sales across product categories and continued higher demand.
EBITDA jumped by 23.8 per cent to $457.2 million and operating income rose 27.6 per cent to $366.8 million.
“Once again this quarter, we delivered excellent operational and financial results, including notable growth in comparable store sales, EBITDA and earnings per share,” said Neil Rossy, president and CEO at Dollarama.
The performance shows the corporation’s “differentiated ability to provide compelling value”, Rossy added, expecting strong demand to persist through the second half of the year in the current macro-economic context.
The corporation has revised its full-year outlook, anticipating comparable store sales growth of 10 to 11 per cent and about 60 to 70 new store openings.
Dollarama offers a broad assortment of consumable products, general merchandise and seasonal items with 1525 locations across Canada. Products are sold at select fixed price points up to $5.
