Dollarama posts Q1 gains

Dollarama said this week its Q1 profits rose by 28 percent to $145.5-million or $0.50 per share, compared to $113.6-million a year earlier. Sales for the quarter were up 12.4 percent to $1.1-billion. The removal of pandemic restrictions helped to drive store traffic, while inflation has made discount retailers an attractive destination. Dollarama opened 10 new stores during the quarter.