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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (56911)	4/1/2019 9:26:55 AM
From: Goose94	Read Replies (1) \| Respond to of 202721

DOLLARAMA (DOL-T) Raymond James analyst Kenric Tyghe says Dollarama is "hurrying hard to keep winning." Mr. Tyghe maintained his "outperform" rating, while trimming his share target $40 from $42. Analysts on average target the shares at $39.21. Mr. Leeder says Dollarama's quarterly results fell short of expectations. Mr. Tyghe says in a note: "The earnings miss on EPS of 54 cents versus consensus of 55 cents, as highlighted by the share price reaction, was less of a focus for investors (as was expected), than the read through to fiscal 2020 given what we believe was a very low (for Dollarama) conviction on both the print and outlook. Sales of $1.06-billion (for growth of 13 per cent) were a touch below consensus of $1.07-billion, with essentially in line comparable store sales growth of 2.6 per cent, masked by the extra week's (which was weaker than expected) contribution to sales growth. Gross margin compression reflected continued investments in the absolute, and relative value proposition. The gross margin compression dovetailed with a modest increase in SG&A margins, for essentially in line EBITDA of $273.2-million.