Dollarama Sees Sales Increase

Sales for Dollarama Inc. increased 5.5 per cent to $1,122.3 million in the third quarter of fiscal 2022 compared to the third quarter of 2021. Comparable store sales increased by 0.8 per cent, over and above 7.1 per cent growth in the prior year and averaged 3.9 per cent per year over a two-year period. Gross margin was 44.4 per cent of sales for the quarter, compared to 44 per cent of sales last year. EBITDA (earnings before interest, taxes, depreciation, and amortization) increased by 11.2 per cent to $347 million year-over-year and operating income increased by 11.4 per cent to $271.6 million. Also, 16 net new stores were opened, bringing total store count to 1,397 from 1,333 a year ago.