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 Ross Stores
See all newsU.S. STOCKS ON THE MOVE-Moderna, O-I Glass, Aveanna Healthcare
U.S. STOCKS ON THE MOVE-NetEase, Werewolf Therapeutics, JP Morgan
U.S. STOCKS ON THE MOVE-Ubiquiti, BJ's Wholesale, Arbutus
U.S. STOCKS ON THE MOVE-Gold miners, Ross Stores, Stoke Therapeutics
US shoppers tighten budgets, but still find room for treats and splurges