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


To: Goose94 who wrote (149029)4/17/2023 12:50:41 PM
From: Goose94Read Replies (1) | Respond to of 204511
 
DOLLARAMA (DOL-T) Luvs Recessions, two and half month high



To: Goose94 who wrote (149029)6/7/2023 9:28:29 AM
From: Goose94Read Replies (2) | Respond to of 204511
 
DOLLARAMA (DOL-T) Luvs Recessions.

Dollarama beats earnings expectations

Dollarama Posts Beat As Consumers Feel The Pinch

Let’s bring things full circle to the higher rate environment and slowing economic growth side of things, shall we? Dollarama topped earnings per share estimates in its latest quarter ($0.63 vs est $0.59) and blew past expectations for sales at stores open at least a year, up 17.1 per cent in the quarter, against an average view of 12.7 per cent. The company points directly to the “persistently inflationary pressure” Canadians are dealing with as a driver of the growth – consumables (ie, food, household products et al) were a key driver of the growth. Further to that it was the *number* of transactions, not the size of them, that drove the bus here (the former up 15.5 per cent, the later a mere 1.4 per cent,) which is as strong an indication as you’ll get that more Canadians are shopping at discount retailers, but not spending more than they need to in the face of concerns over household finances.

BNN.ca