Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Amazon.com, Inc.    AMZN


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Dollarama profit tops estimates, credit card transactions help

09/07/2017 | 01:02pm EST
A pedestrian walks past a Dollarama store in Ottawa

(Reuters) - Canada's Dollarama Inc (>> Dollarama Inc) reported a better-than-expected profit for the ninth straight quarter as customers spent more at its dollar stores, helped by its policy to accept credit cards for payments.

(Reuters) - Canada's Dollarama Inc (>> Dollarama Inc) reported a better-than-expected profit for the ninth straight quarter as customers spent more at its dollar stores, helped by its policy to accept credit cards for payments.

Dollarama's shares rose as much as 10.6 percent to a record high of C$134.68 in midday trading.

The company started accepting credit card payments in the beginning of the second quarter.

Customers spent more than twice the amount when shopping with credit cards than they did with cash transactions, Chief Executive Neil Rossy said on a conference call with analysts on Thursday.

The Montreal-based company did not break out how many shoppers were paying by credit as opposed to cash and debit card transactions.

Dollarama has also been adding products to its assortment, which brought more shoppers to its stores.

"Our customers responded well to our product offering during the quarter despite a slower and colder start to the summer season in some of our largest markets," Rossy said.

Dollarama said that average basket size on checkout rose 5.9 percent in the quarter ended July 30.

The company's traffic inched 0.2 percent higher - the first time in four quarters - and its same-store sales rose 6.1 percent.

The dollar store operator, which raised its product price ceiling to C$4 last year, faces far less competition in the market than its U.S. peers, allowing it to raise prices and improve margins.

Dollarama's gross margins improved to 39.6 percent in the second quarter from 38.4 percent a year earlier. In contrast, U.S. retailer Dollar General Corp (>> Dollar General Corp.) reported a slide in its second-quarter profit margins, as it cut prices more aggressively to compete with Amazon's (>> Amazon.com) Whole Foods Market.

Dollarama's net income jumped 24 percent to C$131.8 million ($108.61 million), or C$1.15 per share, in the second quarter.

Excluding items, the company earned C$1.15 per share, beating the average analyst estimate of C$1.04, according to Thomson Reuters I/B/E/S.

The company, which opened 17 stores in the quarter, said sales rose 11.5 percent to C$812.5 million. However, they narrowly missed analysts' expectations of C$812.6 million.

(Reporting by Anirban Paul in Bengaluru; Editing by Maju Samuel)

By Anirban Paul

Stocks treated in this article : Dollarama Inc, Dollar General Corp., Amazon.com

© Reuters 2017
Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. -0.24% 3298.885 Delayed Quote.1.54%
DOLLAR GENERAL CORPORATION 0.05% 208.06 Delayed Quote.-1.23%
DOLLARAMA INC. 1.04% 51.35 Delayed Quote.-2.08%
LINE CORPORATION 0.00% 5350 End-of-day quote.0.00%
All news about AMAZON.COM, INC.
11:38aAMAZON COM : seeks to halt union election at Alabama warehouse
10:56aMEMORIES DELIVERED : tips to stay connected using Amazon Photos
10:13aSUNDAR PICHAI : Alphabet's Pichai to hold video call with EU antitrust chief Jan..
09:45aAMAZON COM : Credit Suisse Adjusts Amazon.com's Price Target to $3,860 from $3,7..
09:01aMARKET CHATTER : Amazon Raises Spanish User Fees in Response to Digital Tax
06:51aAMAZON COM : to hike fees for Spanish users after new digital tax
06:34aAMAZON COM : Indian trader group says minister pledges strict foreign investment..
06:33aAMAZON COM : to Open Pop-Up Clinic in Seattle Headquarters as Site for Administr..
05:19aAlphabet shutting Loon, which used balloon alternative to cell towers
01/21AMAZON COM : to help vaccinate thousands in its hometown
More news
Financials (USD)
Sales 2020 380 B - -
Net income 2020 18 146 M - -
Net cash 2020 44 304 M - -
P/E ratio 2020 95,0x
Yield 2020 -
Capitalization 1 659 B 1 659 B -
EV / Sales 2020 4,25x
EV / Sales 2021 3,54x
Nbr of Employees 798 000
Free-Float 81,7%
Duration : Period :
Amazon.com, Inc. Technical Analysis Chart | AMZN | US0231351067 | MarketScreener
Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 52
Average target price 3 840,89 $
Last Close Price 3 306,99 $
Spread / Highest target 36,1%
Spread / Average Target 16,1%
Spread / Lowest Target 5,84%
EPS Revisions
Managers and Directors
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Dave Clark Senior Vice President-Worldwide Operations
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
AMAZON.COM, INC.1.54%1 659 286
JD.COM, INC.8.19%147 393
WAYFAIR INC.29.99%30 214
ETSY, INC.19.46%26 799
MONOTARO CO., LTD.-0.95%12 452