Skip to content

Dollarama Group L.P. Q4 sales rise 12 per cent

Dollarama Group L.P. said sales grew 12 per cent and profits were up nine per cent in the fourth quarter.

MONTREAL — Dollarama Group L.P. said sales grew 12 per cent and profits were up nine per cent in the fourth quarter.

The Montreal based discount retail chain said sales were $315.5 million for the 13-week period ended Feb. 1, 2009 versus $281.4 million for the 13-weeks ended Feb. 3, 2008.

Comparable store sales rose 4.8 per cent year-over-year.

Net profit was $30.3 million versus $27.7 million the year before, which the company said was due to sales growth and lower interest costs.

“Higher cost of goods sold, higher general administration and store expenses, and a foreign exchange loss on derivative financial instruments and long-term debt partially offset the earnings increase,” the company stated Friday.

Annual sales were $1.1 million compared to $972,352 for the year earlier period. Annual profit was $90.1 million versus $76.8 million the year before.

Dollarama is privately held and has more than 565 stores across the country.