Dollarama posts strong year end

MONTREAL — Off-price retailer Dollarama reported strong annual results for its fiscal year ended February 1. While other companies are squeaking out modest same-store sales, Dollarama’s grew 5.7%, while sales overall increased by 12.9% to $2.33 billion. Growth was driven by a 9.3% increase in the number of stores over the previous fiscal year, from 874 stores to 955 stores. The company also reported that same-store sales were lifted by a 4.2% increase in the average transaction size and a 1.4% increase in the number of transactions.