Dollarama sales, earnings rise

Montreal-based discount chain Dollarama reported sales of $1.46 billion in Q2, up from $1.22 billion a year earlier. That beat analyst estimates of $1.4 billion. Net income rose to $245.8 million, or $0.88 per share, higher than the projected $0.77. Same-store sales for the quarter surged by 15.5 percent. CEO Neil Rossy said the company expects the strong demand from inflation-weary shoppers “to persist through the second half of the year in the current macro-economic context.”