The following is a summary of the Dollarama Inc. (DLMAF) Q3 2024 Earnings Call Transcript:
Financial Performance:
Dollarama reported a 24% growth in EBITDA and a 31% increase in EPS for Q3 2024.
The company achieved double-digit Same Store Sales (SSS) growth for the sixth consecutive quarter.
The SSS growth in Q3 was 11.1%, surpassing last year's growth of 10.8%.
Gross margin for Q3 was 45.4% of sales, helped by reduced logistics and container costs.
EBITDA for Q3 grew by 24% to $478.8 million or 32.4% of sales.
Dividend net earnings per share increased by 31.4% to $0.92.
Dollarama repurchased over 1.7 million shares for $166 million during Q3.
Business Progress:
Dollarama opened 55 new stores, bringing the total store count to 1,541.
Dollarcity, in partnership with Dollarama, opened its 500th store and continues strong market performance.
The company plans to retain and strengthen its value in consumer habits through superior procurement, logistics, and merchandising.
Dollarama intends to offer the best relative and year-round value across its product range in future quarters.
The company anticipates a continuation of SSS normalization based on their data trends.
Dollarama finalized a $500 million bond offering to pay off maturing notes.
The company remains active in its share repurchase program and plans to maintain an active capital structure management strategy.
More detailed: DOLLARAMA INC IR
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