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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (162145)9/13/2023 10:46:08 AM
From: Goose94Read Replies (2) of 202922
 
DOLLARAMA (DOL-T) Sales Up

King Dollarama

We will watch Dollarama at the open after the company delivered much better sales and earnings than expected. Same-store sales popped 15.5 per cent and the company is lifting its sales outlook for the rest of the year. But (of course there is a “but”), the outlook for sales growth of 10 to 11 per cent (up from five to six per cent) suggests a “moderating cadence,” according to RBC’s Irene Nattel. This could dampen the stock at the open, but investors will be looking for signs that this is just the company being conservative when the company’s earnings conference call begins at 1030ET

BNN.ca
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