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Dollarama Q3 sales increased 9.6%

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Christian Fernsby ▼ | December 5, 2019
Dollarama reported increases in sales, net earnings and earnings per common share for the third quarter ended November 3, 2019.
Dollarama   Comparable store sales grew 5.3%
Diluted net earnings per common share rose 10.0% to $0.44.

Topics: Dollarama Q3

Compared to the third quarter of Fiscal 2019:

Sales increased 9.6% to $947.6 million;

Comparable store sales grew 5.3%, over and above a 3.1% growth the previous year;

Gross margin was 43.7% of sales, compared to 44.3% of sales;

EBITDA grew 4.3% to $273.2 million, or 28.8% of sales, compared to 30.3% of sales;

Operating income grew 3.7% to $211.9 million, or 22.4% of sales, compared to 23.6% of sales; and

Diluted net earnings per common share increased 10.0%, to $0.44 from $0.40.