Dollarama Sales Up 13 Per Cent

Sales increased by 13 per cent to $954.2 million and comparable store sales increased by 5.8 per cent for Dollarama Inc. in the first quarter ended May 2, 2021 compared to the year-ago period. Gross margin was 42.3 per cent of sales for the quarter compared to 41.3 per cent of sales in the year-ago period. Earnings before taxes increased by 16.1 per cent to $248.2 million, or 26 per cent of sales, compared to 25.3 per cent of sales. Operating income increased by 18.1 per cent compared to 17.7 per cent last year. Net earnings were $113.6 million compared to $86.1 million in the year-ago period. Incremental direct costs related to COVID-19 measures amounted to $18.3 million. It opened 12 net new stores.