Dollarama posts Q1 sales, earnings growth

Dollarama reported a Q1 sales increase of 8.6 percent to $1.41 billion, from $1.29 billion a year ago. Sales were in line with analyst estimates. The Montreal-based budget retailer posted earnings of $0.77 per share, up from $0.63 in the comparable period of last year. Analyst had forecast earnings of $0.76 per share. Comp sales for the quarter increased by 5.6 percent.