DOLLARAMA BEATS ESTIMATES AS SALES CONTINUE TO RISE

Dollarama Inc. says it earned $130.1 million in its third quarter, up from $110.1 million in the same quarter last year, boosted by higher sales. The company says profit amounted to $1.15 per diluted share, up from 92 cents per diluted share a year ago when the company had more shares outstanding. Analysts on average had expected a profit of $1.11 per share, according to Thomson Reuters. Sales in the 13 weeks ended Oct. 29 totalled $810.6 million, up from $738.7 million. Comparable store sales grew 4.6 per cent as the average transaction size grew 4.5 per cent and the retailer saw a 0.1-per-cent increase in the number of transactions. Dollarama had 1,135 stores at the end of the quarter, up from 1,069 stores a year ago.