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Dollarama Q4 sales increased to $1,059.7 million, EBITDA grew to $273.2 million

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Christian Fernsby | Thursday March 28, 2019 7:56AM ET
Dollarama
Dollarama   Gross margin was 40.4% of sales, compared to 41.4%

Dollarama reported its financial results for the fourth quarter and fiscal year ended February 3, 2019.


Compared to the fourth quarter of Fiscal 2018:

Sales increased to $1,059.7 million. Comparable store sales grew 2.6%. Gross margin was 40.4% of sales, compared to 41.4% of sales.

EBITDA grew to $273.2 million, or 25.8% of sales, compared to 27.1% of sales.

Operating income grew 6.9% to $251.3 million, or 23.7% of sales, compared to 25.1% of sales. and

Diluted net earnings per common share increased by 12.5% to $0.54 from $0.48.

During the fourth quarter of Fiscal 2019, the Corporation opened 33 net new stores, compared to 25 net new stores during the corresponding period of the previous fiscal year.

Compared to Fiscal 2018:

Sales increased by 8.6% to $3,548.5 million.

Comparable store sales grew 2.7%.

Gross margin was 39.3% of sales, compared to 39.8% of sales.

EBITDA grew 7.0% to $883.8 million, or 24.9% of sales, compared to 25.3% of sales.

Operating income grew 6.5% to $804.5 million, or 22.7% of sales, compared to 23.1% of sales. and

Diluted net earnings per common share increased by 9.9% to $1.67 from $1.52. During Fiscal 2019, the Corporation opened 65 net new stores, the same number of net new stores opened during Fiscal 2018.

 

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