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Weather is no match for Dollarama in first quarter
Dollarama said that its first-quarter results were adversely affected by challenging weather conditions, but the company reported continued growth in sales and net earnings.
Canada's leading dollar store operator of 899 locations across the country reported sales for the quarter of $501.1 million, an 11.8% increase from $448.1 million in the prior-year periord. The increase in sales was driven by the growth in the number of stores in the past 12 months and strong Easter sales and continued organic sales growth driven by comparable store sales growth of 3.3%.