Dollarama has strong Q2

Dollarama Inc. had sales of $1,455.9 million for the second quarter of fiscal 2024, an increase of 19.6% over sales of $1,217.1 million in the second quarter of fiscal 2023. The increase was driven by growth in the total number of stores over the past 12 months (from 1,444 stores on July 31, 2022, to 1,525 stores on July 30, 2023) and increased comparable store sales. Comparable store sales for the quarter increased by 15.5%, consisting of a 12.9% increase in the number of transactions and a 2.3% increase in average transaction size, over and above comparable store sales growth of 13.2% in the corresponding period of the prior fiscal year. EBITDA was $457.2 million, or 31.4% of sales, compared to $369.4 million, or 30.4% of sales, in the second quarter of 2023. The company had net earnings of $245.8 million compared to $193.5 million in the year-ago period.