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Dollarama Reports Fiscal 2022 First Quarter Results
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MONTREAL, June 9, 2021 /PRNewswire/ - Dollarama Inc. (TSX: DOL) ( Dollarama or the Corporation ) today reported its financial results for the first quarter ended May 2, 2021.
Fiscal 2022 First Quarter Results Highlights (
Compared to Fiscal 2021 First Quarter Results)
Sales increased by 13.0% to $954.2 million;
Comparable store sales
Gross margin
EBITDA
(1) increased by 16.1% to $248.2 million, or 26.0% of sales, compared to 25.3% of sales;
Operating income increased by 18.1% to $176.8 million, or 18.5% of sales, compared to 17.7% of sales;
Incremental direct costs related to COVID-19 measures amounted to $18.3 million, compared to $15.0 million;
Diluted net earnings per common share increased by 32.1%, to $0.37 from $0.28;