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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Dollarama Inc.    DOL   CA25675T1075

DOLLARAMA INC.

(DOL)
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Delayed Quote. Delayed Toronto Stock Exchange - 01/27 03:40:33 pm
50.66 CAD   -1.97%
01/14DOLLARAMA : Nine N.B. Dollarama locations closed after possible COVID-19 workplace exposures
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01/07DOLLARAMA INC. : Ex-dividend day for
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2020DOLLARAMA INC. : - sale of shares by dollarama insiders
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Dollarama beats results estimates as Canadians spend more per visit

09/02/2020 | 05:31am EST
A Dollarama store is pictured in Toronto, Ontario

Dollarama Inc beat analysts' estimates for quarterly results on Wednesday, as the Canadian discount retailer benefited from consumers spending more per visit on household and cleaning products.

The company said while customers reduced the frequency of store visits due to the COVID-19 pandemic, they purchased larger quantities of goods per visit.

Discount chains remain largely unaffected by the slowing pantry-loading phase, as households worried about their financial futures increasingly spend on cheaper groceries, arts and crafts items and summer products, including gardening goods.

Dollarama's U.S. counterparts Dollar General Corp and Dollar Tree Inc reported better-than-expected profits in their latest reported quarters as Americans turned thrifty due to the virus-triggered economic downturn.

Net sales for Dollarama rose 7.1% to C$1.01 billion ($772.82 million) in the second quarter ended Aug. 2, compared with Wall Street expectations of C$975.7 million, according to IBES data from Refinitiv.

"Store traffic improved with each month as provincial reopening plans unfolded," Chief Executive Officer Neil Rossy said.

Net earnings narrowed to C$142.5 million from C$143.2 million in the quarter, hurt by higher COVID-19-related costs.

Still, Dollarama earned 46 Canadian cents per share, compared with market estimates of 41 Canadian cents per share.

($1 = 1.3069 Canadian dollars)

(Reporting by Praveen Paramasivam in Bengaluru; Editing by Shinjini Ganguli)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
DOLLAR GENERAL CORPORATION -3.48% 198.98 Delayed Quote.-1.99%
DOLLAR TREE, INC. -4.92% 100.61 Delayed Quote.-2.17%
DOLLARAMA INC. -1.90% 50.66 Delayed Quote.-0.39%
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More news
Financials
Sales 2021 4 096 M 3 204 M 3 204 M
Net income 2021 591 M 462 M 462 M
Net Debt 2021 2 238 M 1 751 M 1 751 M
P/E ratio 2021 27,6x
Yield 2021 0,35%
Capitalization 16 035 M 12 551 M 12 543 M
EV / Sales 2021 4,46x
EV / Sales 2022 4,15x
Nbr of Employees 14 230
Free-Float 93,5%
Chart DOLLARAMA INC.
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Dollarama Inc. Technical Analysis Chart | DOL | CA25675T1075 | MarketScreener
Technical analysis trends DOLLARAMA INC.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 59,93 CAD
Last Close Price 51,68 CAD
Spread / Highest target 27,7%
Spread / Average Target 16,0%
Spread / Lowest Target 4,49%
EPS Revisions
Managers and Directors
NameTitle
Neil George Rossy President, Chief Executive Officer & Director
Stephen K. Gunn Chairman
Johanne Choinière Chief Operating Officer
Michael Ross Chief Financial Officer
Joshua Bekenstein Independent Director
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