Business
DOLLARAMA REPORTS STRONG SALES AND NET EARNINGS INCREASES TO CLOSE FISCAL YEAR 2011
Apr. 7, 2011 (Canada NewsWire Group) -- MONTREAL, April 7 /CNW Telbec/ - Dollarama Inc. (TSX:...
About this update from Dollarama Inc.
[{"type":"text","content":"\n\n\n Apr. 7, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nMONTREAL, April 7 /CNW Telbec/ - Dollarama Inc. (TSX: DOL) ("Dollarama"\n or the "Corporation") reported significant increases in sales and net\n earnings today for the quarter and fiscal year periods ended January\n 30, 2011.\n\n\nFinancial and Operating Highlights \n\n\n(All comparative figures below and in the "Financial Results" section\n that follows, are for the fourth quarter and the fiscal year ended\n January 30, 2011 compared to the fourth quarter and the fiscal year\n ended January 31, 2010. Throughout this news release, the term\n "Normalized" has been used to refer to financial results that have been\n adjusted to exclude certain non-recurring items. For a full explanation\n of the Corporation's use of the Non-GAAP measures, please refer to\n footnote 1 of the Selected Consolidated Financial Information section\n of this news release.)\n\n\n\nSales increased 12.3% in the fourth quarter and 13.3% in the fiscal\n year.\n\n\nComparable store sales grew 5.3% in the fourth quarter and 7.3% in the\n fiscal year.\n\n\nFor the fiscal year, gross margins improved to 36.1% of sales from 35.3%\n of sales.\n\n\nNormalized EBITDA(1) for the fourth quarter grew 11.4% to $75.2 million, or 18.4% of sales.\n For the fiscal year, Normalized EBITDA(1) grew 22.0% to $234.0 million, or 16.5% of sales compared to 15.3% of\n sales in the same period last fiscal year.\n\n\nNormalized EBI...