A Dollarama store is seen in Montreal on June 11, 2013. THE CANADIAN PRESS/Paul Chiasson

A Dollarama store is seen in Montreal on June 11, 2013. THE CANADIAN PRESS/Paul Chiasson

Dollarama reports Q4 profit down from year ago due to pandemic restrictions and costs

Store sales for the quarter fell 0.2 per cent

MONTREAL — Dollarama Inc. reported its fourth-quarter profit edged down compared with a year ago due to restrictions imposed by provincial governments and costs related to the pandemic.

The retailer says it earned $173.9 million or 56 cents per diluted share for the quarter ended Jan. 31, down from a profit of $178.7 million or 57 cents per diluted share a year earlier.

Sales in the 13-week period totalled $1.10 billion, up from nearly $1.07 billion.

Excluding temporarily closed stores, comparable store sales for the quarter fell 0.2 per cent compared with a year earlier.

In reporting its latest financial results, Dollarama also raised the number of stores it hopes to have in Canada to 2,000 by 2031, compared with its total of 1,356 stores at Jan. 31.

The new target is up from an earlier goal of 1,700 stores by 2027.

This report by The Canadian Press was first published March 31, 2021.

CoronavirusRetail

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Cowboy Kicks, originally scheduled for May 5, will now take place Sept. 18. (Contributed photo)
Westerner Park’s Cowboy Kicks fundraiser moved to Sept. 18

A major fundraiser for Westerner Park and the Canadian Pro Rodeo Sport… Continue reading

Red Deer Rebels forward Josh Tarzwell tries to tip a point shot past Lethbridge Hurricanes goalie Car Tetachuk in WHL action Friday night at the Centrium. (Photo by ROB WALLATOR/Red Deer Rebels)
Red Deer Rebels struggles continue, drop seventh straight to Hurricanes

Hurricanes score three power-play goals in 6-3 win

Downtown Red Deer patio restaurants have been busy this summer. Contributed photo
City of Red Deer expediting patio application process for restaurants

The City of Red Deer is allowing businesses to install patios prior… Continue reading

RDC Queens forward Camryn Wallan was named the 2020-21 RDC Outstanding Female Athlete of the Year. (Photo by BYRON HACKETT/Advocate Staff)
Wallan, Podgorenko named 2020-21 RDC Outstanding Athletes of the Year

Even with the cancellation of the 2020-21 Alberta Colleges Athletic Association, RDC… Continue reading

A new Angus Reid poll says that close to two-thirds of Albertans think premier Jason Kenney is doing a bad job handling the COVID-19 pandemic. (Photo by Chris Schwarz/Government of Alberta)
75% of Albertans disapprove of Kenney’s pandemic leadership: poll

Nearly 75 per cent of Albertans believe Premier Jason Kenney is doing… Continue reading

Red Deer-South MLA Jason Stephan is among those who have signed an open letter criticizing the government’s return to stricter health measures. (Advocate file photo).
Updated: Kenney tells UCP caucus COVID-19 dissent OK, breaking health rules means expulsion

15 MLAs released letter on Wednesday critical of new health restrictions

Here masking tape was applied to both sides of a joint to be caulked. Peeling the tape off as soon as the caulking is smeared with a finger leaves behind a neat edge. (Photo by Robert Maxwell)
Houseworks: Unheated spaces can cause tools to rust

Q: How well do woodworking tools survive in an unheated Canadian workshop?… Continue reading

University of Victoria rowing coach Barney Williams is seen in the stands during the Greater Victoria Invitational at CARSA Performance Gym at the University of Victoria in Victoria, Friday, Nov. 29, 2019. The University of Victoria and the head coach of its women's rowing team have denied allegations of demeaning and aggressive treatment outlined in a lawsuit filed last summer by a former student and team member. THE CANADIAN PRESS/Chad Hipolito
UVic, women’s rowing coach deny former athlete’s allegation of verbal abuse

UVic, women’s rowing coach deny former athlete’s allegation of verbal abuse

Canada's Julia Grosso, right, and Wales' Natasha Harding battle for the ball during the women's international friendly soccer match at Leckwith Stadium, Wales, Friday, April 9, 2021. Canada blanked Wales 3-0 but lost captain Christine Sinclair to an injury in the fist half of a soccer friendly Friday. THE CANADIAN PRESS/AP-PA, Nick Potts
Canada blanks Wales in soccer friendly but has injury scare with Christine Sinclair

Canada blanks Wales in soccer friendly but has injury scare with Christine Sinclair

Canada's DTH Van Der Merwe, left, is tackled by Hong Kong's Toby Fenn, during the 2019 Japan Rugby Union World Cup qualifying match between Canada and Hong Kong, in Marseille, southern France, Friday, Nov. 23, 2018. THE CANADIAN PRESS/AP/Claude Paris
Canadian rugby star DTH van der Merwe enjoying life in Los Angeles

Canadian rugby star DTH van der Merwe enjoying life in Los Angeles

Team Canada skip Brendan Bottcher, right, makes a shot as second Brad Thiessen sweeps against Germany at the Men's World Curling Championships in Calgary, Alta., Friday, April 9, 2021.THE CANADIAN PRESS/Jeff McIntosh
Canada’s Bottcher heads into men’s world curling playoffs on a winning note

Canada’s Bottcher heads into men’s world curling playoffs on a winning note

Justin Rose, of England, hits out of a bunker on the seventh hole during the second round of the Masters golf tournament on Friday, April 9, 2021, in Augusta, Ga. (AP Photo/Gregory Bull)
Rose clings to 1-shot Masters lead as Spieth, Thomas lurk

Rose clings to 1-shot Masters lead as Spieth, Thomas lurk

People shop for essential items at Costco as pallets block off aisles and sections that have been deemed non-essential during the COVID-19 pandemic, in Mississauga, Ont., Thursday, April 8, 2021. Retailers in Ontario are adjusting to new lockdown restrictions with stores like grocers, discount and big box chains roping off non-essential items from underwear to calculators. THE CANADIAN PRESS/Nathan Denette
Ontario retailers adjust to new rules, non-essential goods off-limits to shoppers

Ontario retailers adjust to new rules, non-essential goods off-limits to shoppers

A worker smooths concrete at a construction site in Toronto on January 16, 2020. THE CANADIAN PRESS/Cole Burston
Economy adds 303,000 jobs in March, unemployment rate falls, Statistics Canada says

Economy adds 303,000 jobs in March, unemployment rate falls, Statistics Canada says

Most Read