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    DOL   CA25675T1075

DOLLARAMA INC.

(DOL)
  Report
Delayed Quote. Delayed Toronto Stock Exchange - 01/26 04:00:00 pm
61.43 CAD   +0.05%
01/21Dollarama Upgraded to Outperform at BMO, Preferred Over Canadian Tire
MT
01/06DOLLARAMA INC. : Ex-dividend day for
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2021Dollarama Joins Stingray Retail Media Network
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Dollarama : sees sales bounce back as pandemic curbs ease, shares at three-year high

03/31/2021 | 03:54pm EST
A Dollarama store is pictured in Toronto, Ontario

(Reuters) - Canadian discount retailer Dollarama Inc said on Wednesday that sales regained momentum in recent weeks following an easing of pandemic-related restrictions, sending its shares up nearly 6.3% to an over three-year high.

The upbeat comments come after the company fell short of holiday quarter revenue estimates due to the strict COVID-19 curbs put in place to control a resurgence in cases.

"We're already seeing Easter being strong right now, and it's a week in advance also (versus a year earlier), and summer sales are doing very well, which they weren't last year," Michael Ross, the company's former chief financial officer who is now an adviser, said on an earnings call.

The company's shares were trading at C$55.51, also boosted by a dividend hike and plans to resume share buybacks next year.

Dollarama said it now targets to have 2,000 stores in Canada by the next decade, from a previous aim of 1,700 stores by 2027, with plans to open 60 to 70 stores this fiscal year.

The company said it opened 65 net new stores in fiscal 2021, despite the pandemic and consistent with prior years.

Net sales rose 3.6% to C$1.10 billion ($872.95 million) in the fourth quarter ended Jan. 31, but missed Refinitiv IBES estimates of C$1.13 billion.

Sales took a knock as provincial authorities in December imposed stricter in-store capacity limits and a temporary ban on the sale of non-essential items in Quebec.

Net earnings fell to C$173.9 million, or 56 Canadian cents per share, in line with estimates.

($1 = 1.2601 Canadian dollars)

(Reporting by Mehr Bedi in Bengaluru; Editing by Ramakrishnan M. and Sriraj Kalluvila)


© Reuters 2021
All news about DOLLARAMA INC.
01/21Dollarama Upgraded to Outperform at BMO, Preferred Over Canadian Tire
MT
01/06DOLLARAMA INC. : Ex-dividend day for
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2021Dollarama Joins Stingray Retail Media Network
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2021Dollarama Joins the Stingray Retail Media Network
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More news
Analyst Recommendations on DOLLARAMA INC.
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Financials
Sales 2022 4 345 M 3 428 M 3 428 M
Net income 2022 657 M 518 M 518 M
Net Debt 2022 1 655 M 1 306 M 1 306 M
P/E ratio 2022 28,5x
Yield 2022 0,34%
Capitalization 18 243 M 14 477 M 14 395 M
EV / Sales 2022 4,58x
EV / Sales 2023 4,17x
Nbr of Employees 14 230
Free-Float 95,0%
Chart DOLLARAMA INC.
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Dollarama Inc. Technical Analysis Chart | DOL | CA25675T1075 | MarketScreener
Technical analysis trends DOLLARAMA INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 61,43 CAD
Average target price 66,38 CAD
Spread / Average Target 8,07%
EPS Revisions
Managers and Directors
Neil George Rossy President, Chief Executive Officer & Director
Jean Philippe Towner Chief Financial Officer
Stephen K. Gunn Chairman
Nicolas Hien Chief Information Officer
Johanne Choinière Chief Operating Officer
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