Dollarama reported higher sales in its third quarter of $130.1 million, up from $110.1 million in the same period last year.
Sales reached $810.6 million, up from $738.7 million during the same quarter last year while comparable store sales increased 4.6 per cent.
According to a a CBC report, the chain increased its margins by raising prices after the low loonie earlier this year made imported goods more expensive.
Dollarama’s results beat expectations with profit amounting to $1.15 per diluted share, up from $0.92 per diluted share one year ago.
Sales were attributable to a shopper average spend of 4.5 per ent with the number of transactions expanding by 0.1 per cent.
Dollarama added 66 stores in the past year for a total of 1,135 stores.
