PEO­PLE ARE BUY­ING MORE AT A GIVEN TIME.

National Post (National Edition) - - FINANCIAL POST - Fi­nan­cial Post hshaw@na­tion­al­post.com Twit­ter.com/Hol­lieKShaw

why the in­dus­try is ex­pected to con­tinue grow­ing,” said Neil Lins­dell, an an­a­lyst with In­dus­trial Al­liance Se­cu­ri­ties, in a note to clients. Lins­dell es­ti­mates the top six dol­lar store chains in Canada serve about 21,462 peo­ple per store; the top five U.S. chains serve about 11,293 peo­ple per store.

Dollarama op­er­ates 1,095 lo­ca­tions across Canada, and plans to open be­tween 60 to 70 new out­lets this year, buck­ing a wide­spread down­siz­ing trend hap­pen­ing in broader re­tail.

For the pe­riod ended Jan. 29, earn­ings rose 17 per cent to $146.1 mil­lion, or $1.24 per share, up from $124.8 mil­lion, ($1), in the same pe­riod a year ago. An­a­lysts had been an­tic­i­pat­ing earn­ings per share of $1.12, ac­cord­ing to Thom­son Reuters.

Sales climbed 11.5 per cent to $854.5 mil­lion, com­pared with $766.5 mil­lion a year ago.

Same-store sales, which strip out the im­pact of added square footage, climbed 5.8 per cent, while the av­er­age bas­ket size at the till was 7.8 per cent higher than a year ago.

Rossy said ex­ec­u­tives are not fo­cused on ex­pand­ing Dollarama out­side of Canada at this time.

“Canada re­mains our one and only pri­or­ity,” he told an­a­lysts.

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