Dollarama beats quarterly sales estimates as consumers seek cheaper groceries
ReutersJun 11, 2025 11:08 AM
June 11 (Reuters) - Canada's Dollarama DOL.TO beat quarterly sales estimates on Wednesday, as consumers favored discounted alternatives for household supplies and groceries amid domestic economic uncertainty.
The company reported comparable store sales of 4.9%, above estimates of 3.4% in the quarter ended May 4, according to data compiled by LSEG.
Dollarama posted net sales of C$1.52 billion ($1.11 billion)for the first quarter, compared with analysts' estimates of C$1.5 billion.
($1 = 1.3682 Canadian dollars)
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