Dollarama Q2 net income grows 15%; plans 70-80 net new stores

Montreal, Canada — Dollarama Inc. reported net earnings of $68.9 million in the second quarter of fiscal 2015, up 15% from $59.8 million in the same quarter of the prior fiscal year.



Sales increased 12% to $572.6 million from $511.3 million, and same-store sales climbed 6.2%.



Dollarama credited its financial performance to organic growth of 89 new stores in Canada since the previous second quarter, as well as improvements in operational effectiveness and efficiency. With the opening of 43 net new stores so far in fiscal 2015, Dollarama said it is on target to add 70 to 80 net new stores in Canada by the end of the fiscal year.