Dollarama Shows Strong Q1 Growth, Expands LATAM Presence

Dollarama (TSE:DOL) has released an update.

Dollarama Inc. has reported a robust first quarter with a 5.6% growth in comparable store sales and a significant 22.2% rise in diluted net earnings per share to $0.77. The company has increased its stake in Latin American retailer Dollarcity to 60.1% and expanded its operations to Mexico, while also setting a new target of 1,050 Dollarcity stores by 2031. These moves underscore Dollarama’s continued focus on value and convenience for consumers, as well as its strategy for growth in international markets.

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