Business
Dollarama reports record results for fiscal 2013 and increases dividend by 27%
MONTREAL, April 12, 2013 /CNW Telbec/ - Dollarama Inc. (TSX: DOL) ("Dollarama" or the "Corpor...
About this update from Dollarama Inc.
[{"type":"text","content":"\n\n\n\n\n\nMONTREAL, April 12, 2013 /CNW Telbec/ - Dollarama Inc. (TSX: DOL)\n (\"Dollarama\" or the \"Corporation\") today reported significant increases\n in sales and net earnings for the quarter and fiscal year ended\n February 3, 2013.\n\n\nFinancial and Operating Highlights \n\n\nAll comparative figures below and in the \"Financial Results\" section\n that follows are for the fourth quarter and fiscal year ended February\n 3, 2013 compared to the fourth quarter and fiscal year ended January\n 29, 2012.  All financial information presented in this press release\n has been prepared in accordance with generally accepted accounting\n principles in Canada (\"GAAP\") as set out in the Handbook of the\n Canadian Institute of Chartered Accountants - Part 1 which incorporates\n International Financial Reporting Standards (\"IFRS\") as issued by the\n International Accounting Standards Board (\"IASB\").  Throughout this\n press release the term \"Normalized\" is used to refer to financial\n results that have been adjusted to exclude a non-recurring item. For a\n full explanation of the Corporation's use of non-GAAP measures, please\n refer to footnote 1 of the \"Selected Consolidated Financial\n Information\" section of this press release.\n\n\nThroughout this press release, all references to \"Fiscal 2012\" are to\n the Corporation's fiscal year ended January 29, 2012 and to \"Fiscal\n 2013\" are to the Corporation's fiscal year ended February 3, 2013.\n\n\nDividing the retail calendar into 52 weeks of seven days each, or 364\n days, leaves an extra day each year to be accounted for. As a result,\n every five to six years a week is added to the fiscal year. Fiscal 2013\n is a 53-week year, compared with a 52-week year in Fiscal 2012. The\n fourth quarter of Fiscal 2013 includes 14 weeks compared to 13 weeks in\n the fourth quarter of Fiscal 2012. For purposes of calculating\n comparable store sales, the Corporation excluded the sales of the 53rd\n week of Fiscal 2013, therefore comparing the sales of the first 52\n weeks of Fiscal 2013 to the comparable sales of Fiscal 2012 and the\n sales of the first 13 weeks of the fourth quarter of Fiscal 2013 to the\n comparable sales of the 13 weeks of the fourth quarter of Fiscal 2012.\n\n\nComparable store sales\n\n\n\nComparable store sales (13 weeks) grew 4.6% in the fourth qua...