MONTREAL — Dollarama reported that Q2 sales rose to $1.01 billion from $946 million for the comparable period last year, while profits were flat at $142.5 million. Strong seasonal demand for home and backyard items drove sales for the quarter.
“Our sales mix reflects the fact that our customers are spending more time at home— think more gardening, more barbecue, things of that nature,” CEO Neil Rossy told analysts during a call this week. The next half of the fiscal year, typically anchored by Hallowe’en and Christmas, remains uncertain. “We believe [the pandemic] will have a negative impact,” said CFO Michael Ross, “but to what extent we don’t know.”
