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Dollarama Q2 sales increased 9.0%

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Christian Fernsby ▼ | September 13, 2019
Dollarama reported increases in sales, net earnings and earnings per common share for the second quarter ended August 4, 2019.
Dollarama   Comparable store sales grew 4.7%
Diluted net earnings per common share rose 7.1% to $0.45.

Topics: Dollarama

Sales increased 9.0% to $946.4 million.

Comparable store sales grew 4.7%, over and above a 2.6% growth the previous year; Gross margin was 43.7% of sales, compared to 45.0% of sales.

EBITDA grew 3.5% to $281.6 million, or 29.8% of sales, compared to 31.3%(2) of sales.

Operating income grew 2.7% to $221.6 million, or 23.4% of sales, compared to 24.9% of sales.

Diluted net earnings per common share increased by 7.1%, to $0.45 from $0.42.