Business
DOLLARAMA REPORTS THIRD QUARTER RESULTS
DOLLARAMA REPORTS THIRD QUARTER RESULTS
About this update from Dollarama Inc.
[{"type":"text","content":"\n\n\n\n Dec. 8, 2010 (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, Dec. 8 /CNW Telbec/ - Dollarama Inc. ("Dollarama" or the\n "Corporation") (TSX: DOL) reported significant increases in sales and\n operating income today for the third quarter ended October 31, 2010.\n\n\nFinancial and Operating Highlights for the Third Quarter\n\n\n(All comparative figures below and in the "Financial Results" sections\n that follows, are for the 13-week and 39-week periods ended October 31,\n 2010 compared to the 13-week and 39-week periods ended November 1,\n 2009. Throughout this news release, the term "Normalized" has been used\n to refer to financial results that have been adjusted to exclude\n certain non-recurring items. For a full explanation of the\n Corporation's use of the Non-GAAP measures, please refer to Note 1 of\n the Selected Consolidated Financial Information section of this news\n release.)\n\n\n\nSales increased 13.7%\n\n\nComparable store sales grew 8.0%\n\n\nOpened 17 stores in the quarter, and closed 1\n\n\nGross margin increased to 36.2% from 34.7%\n\n\nNormalized EBITDA increased 27.2% to $59.4 million\n\n\nNormalized EBIT grew 27.9% to $52.1 million, or 14.6% of sales compared\n to 13.0% of sales in the same quarter last year\n\n\nNet earnings increased $30.2 million to $31.3 million\n\n\n$90.0 million of the new syndicated senior secured credit facility (the\n "New Credit Facility") was prepaid during ...