Monday, April 3, 2017

Dollarama, the Most Successful Retailer In Canada

Image result for Dollarama
Most would agree that Dollarama Inc currently takes the crown as being the most successful retailer in the country. And while the market has been firing on all cylinders for the past few years, talk of a slowdown and correction doesn’t seem to be a concern for Dollarama. Dollarama provided the latest quarterly update this week which showed the strength of the company and the opportunity the market still has for Dollarama to expand even further.

For the fourth quarter of fiscal 2017, Dollarama reported net earnings of $146.1 million, or $1.23 per diluted common share, representing an impressive increase over the $124.8 million, or $1.00 per diluted common share, in the same quarter last year. Dollarama reported sales of $854.5 million in the quarter — an increase of 11.5% over the same quarter last year. Comparable same-store sales increased by 5.8% for the quarter — over and above the 7.9% growth registered in the previous year. EBITDA grew by 19.1%, coming in at $226.2 million, representing 26.5% of sales.

Dollarama also announced a 10% increase to the quarterly dividend, which will now pay $0.11 per common share. Even with the latest increase, the stock is unlikely to be seen as a great income-producing investment, as the yield is far below 1%.

Read more 

No comments:

Post a Comment