Dollarama up after raising annual sales forecast on demand for cheaper items

Shares of Canadian discount retailer Dollarama DOL.TO up 1% at C$203.11

Co raises annual sales forecast as price-sensitive shoppers turned to its stores for affordable consumables and seasonal merchandise

Sees Canadian segments comparable sales to grow in the range of 4.2% to 4.7%, compared with previous expectations of a 3% to 4% rise

Co also beats estimates for Q3 sales and profit, per data compiled by LSEG

As of last close, stock up ~43% YTD