Dollarama has strong fourth quarter

Dollarama Inc. had sales of $1,639.1 million for the fourth quarter of fiscal 2024, up 11.3 percent compared to sales of $1,473.2 million for the fourth quarter of fiscal 2023. The increase was driven by growth in the total number of stores over the past 12 months (from 1,486 in January 2023 to 1,551 in January 2024) and comparable store sales growth. Comparable store sales for the quarter increased by 8.7 percent. The company’s gross margin for the quarter was 46.3 percent of sales compared to 44.6 percent of sales in the year-ago period. Fourth quarter EBITDA was $558.9 million, or 34.1 percent of sales, compared to $467.7 million, or 31.7 percent of sales, the previous year. Net earnings were $323.8 million compared to $261.3 million.