Canada's Dollarama forecasts annual sales largely below estimates
March 24 (Reuters) - Dollarama DOL.TO forecast annual sales largely below Wall Street estimates on Tuesday, signaling softer demand as budget-strapped consumers grow selective with their purchases amid sticky inflation and a weakening labor market. The company expects annual comparable sales to grow in the range of 3% to 4%, compared with analysts' expectation of a 3.90% rise. (Reporting by Sanskriti Shekhar in Bengaluru; Editing by Pooja Desai) ((Sanskriti.Shekhar@thomsonreuters.com))
Recent news on Dollarama
See all newsCanada Research Roundup: Dollarama, Groupe Dynamite, Triple Flag Precious Metals
Canada Stocks: TSX rises to one-week high as Dollarama leads broad-based gains
Canada Stocks: TSX rises as Dollarama leads gains; US-Iran tensions in focus
Dollarama rises on upbeat quarterly results
Canada Stocks: TSX opens higher as Dollarama leads; geopolitical tensions in focus