Dollarama Q4 sales increased 11.3%
Christian Fernsby ▼ | April 5, 2024
Dollarama reported its financial results for the fourth quarter and fiscal year ended January 28, 2024 ("Fiscal 2024") and issued guidance for the fiscal year ending February 2, 2025 ("Fiscal 2025").Article continues below
Fiscal 2024 fourth quarter results highlights compared to fiscal 2023 fourth quarter results
Sales increased 11.3% to $1,639.2 million, compared to $1,473.2 million
Comparable store sales grew 8.7%, over and above a 15.9% growth in the corresponding period of the previous fiscal year
EBITDA increased 19.5% to $558.9 million, representing an EBITDA margin(1) of 34.1%, compared to 31.7%
Operating income increased 21.8% to $464.7 million, representing an operating margin(1) of 28.3%, compared to 25.9%
Diluted net earnings per common share increased by 26.4%, from $0.91 to $1.15
Fiscal 2024 results highlights compared to fiscal 2023 results
Sales increased 16.1% to $5,867.3 million, compared to $5,052.7 million
Comparable store sales grew 12.8%, over and above a 12.0% growth the previous year
EBITDA increased 22.2% to $1,861.2 million, representing an EBITDA margin of 31.7%, compared to 30.1%
Operating income increased 25.5% to $1,495.7 million, representing an operating margin of 25.5%, compared to 23.6%
Diluted net earnings per common share increased by 29.0%, from $2.76 to $3.56
65 net new stores opened, same as prior year, bringing total store count to 1,551
7,125,730 common shares repurchased for cancellation for $655.9 million. ■ What to read next
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