Sales Up At Dollarama

Dollarama Inc. had sales of $1,013.6 million for the second quarter of fiscal 2021, an increase of 7.1 per cent compared to sales of $946.4 million in the second quarter of fiscal 2020. The increase in sales is attributable to the growth in the total number of stores and an increase in comparable store sales. Comparable store sales, excluding temporarily closed stores, grew 5.4 per cent, consisting of a 41.7 per cent increase in average transaction size and a 25.7 per cent decrease in the number of transactions. Gross margin was 43.9 per cent of sales in the quarter compared to 43.7 per cent of sales last year. Net earnings were $142.5 million compared to $143.2 million.