Dollarama rises after beating Q2 profit estimates on lower costs

Dollarama

11/09/2024 16:56

** Shares of dollar store operator Dollarama  DOL.TO  up as
much as 6% at $132.65 in morning trading
    ** Co beats Q2 profit estimates on easing input costs and
stable demand for low-priced essentials 
    ** Posts quarterly earnings per share of C$1.02 vs LSEG
estimates of 97 Canadian cents per share
    ** Co's quarterly gross margin rises to 45.2% vs 43.9% a
year ago
    ** DOL's quarterly sales rises 7.4% to C$1.56 billion ($1.15
billion) vs a year ago; analysts' avg. estimated net sales was
C$1.57 billion
    ** Including session moves, stock up nearly 38% YTD


($1 = 1.3602 Canadian dollars)

 (Reporting by Anuja Bharat Mistry in Bengaluru)
 ((AnujaBharat.Mistry@thomsonreuters.com))