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Dollarama Q2 sales up 1.6%

Christian Fernsby |
Dollarama reported its financial results for the second quarter ended August 1, 2021.

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Sales increased by 1.6% to $1,029.3 million.

Comparable store sales decreased by 5.1%, driven by the ban on the sale of non-essential products in Ontario in place for the first 5.5 weeks of the quarter (May 3 to June 10, 2021, inclusively).

Gross margin was 43.4% of sales, compared to 43.9% of sales.

EBITDA increased by 5.7% to $293.7 million, or 28.5% of sales, compared to 27.4% of sales.

Operating income increased by 4.3% to $220.5 million, or 21.4% of sales, compared to 20.9% of sales.

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