Dollarama lifts annual sales forecast on strong demand for cheaper grocery
By:Reuters
Updated: Dec 7, 2022, 12:22 UTC•1min read
(Reuters) – Dollarama Inc raised its full-year same-store sales forecast on Wednesday, as the Canadian discount store chain benefited from inflation-weary consumers shopping at its stores in search of cheaper groceries and household supplies.
Most Popular
EUR/USD
$1.09271
+0.14%
Bitcoin
$23,431.37
-1.66%
S&P 500
$4,179.76
+1.47%
Natural Gas
$2.567
+0.04%
(Reuters) – Dollarama Inc raised its full-year same-store sales forecast on Wednesday, as the Canadian discount store chain benefited from inflation-weary consumers shopping at its stores in search of cheaper groceries and household supplies.
The discount store operator said it now expects comparable store-sales growth between 9.5% and 10.5% for fiscal 2023, up from the 6.5% to 7.5% range estimated previously.
(Reporting by Deborah Sophia in Bengaluru; Editing by Sherry Jacob-Phillips)
Advertisement
Don't miss a thing! Sign up for a daily update delivered to your inbox
Loading
Loading
Loading