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Dollarama Q3 EBITDA increased 14.2%

Christian Fernsby |
Dollarama reported its financial results for the third quarter ended November 1, 2020.

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Topics: DOLLARAMA   

Sales increased 12.3% to $1,064.2 million. Comparable store sales grew 7.1%. EBITDA increased 14.2% to $312.1 million, or 29.3% of sales, compared to 28.8% of sales.

"We are very pleased with our strong performance in the third quarter of Fiscal 2021, highlighted by a double digit increase in sales, robust same store sales growth and an industry leading gross margin. Our strong financial and operating results reflect the relevance of our compelling and affordable everyday products, the convenience we offer Canadian consumers from coast to coast, and our disciplined execution in maintaining well stocked stores," said President and CEO Neil Rossy.

Dollarama today announced a bonus payment for its over 25,000 store employees across Canada in recognition of their continued dedication to safely and efficiently providing affordable everyday products to Canadian communities throughout the pandemic. Full time employees will receive $300 and part time employees will receive $200. All active store employees as of December 9, 2020 will receive this one time gratitude bonus payment.

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