Dollarama reports Q4, full-year gains

MONTREAL ― Dollarama’s Q4 sales increased by 0.5 percent to $1.07 billion, while operating income grew 1.4 percent to $266.1 million. Net earnings increased by 7.5 percent to $0.57 from $0.53 a year ago. For the fiscal year, sales rose by 6.7 percent to $3.8 billion with operating income up 2.7 percent to $868.1 million and net earnings at $1.78 per share, a 7.2 percent spike from $1.66 the year prior. Comparable store sales rose two percent for the quarter and 4.3 percent for the year. Dollar stores have been designated as essential businesses in Dollarama’s home province of Quebec, allowing the discount retailer to remain open (except on Sundays) during the state of emergency.