Edition:
India

Dollarama Q4 Sales C$1.065 Bln Versus Refinitiv IBES Estimate Of C$1.06 Bln


Wednesday, 1 Apr 2020 

April 1 (Reuters) - Dollarama Inc ::DOLLARAMA REPORTS FOURTH QUARTER AND FISCAL YEAR 2020 RESULTS.Q4 EARNINGS PER SHARE C$0.57.Q4 EARNINGS PER SHARE ESTIMATE C$0.55 -- REFINITIV IBES DATA.Q4 SALES C$1.065 BILLION VERSUS REFINITIV IBES ESTIMATE OF C$1.06 BILLION.COMPARABLE STORE SALES GROWTH OF 2.0%, OR 3.8% EXCLUDING IMPACT OF CALENDAR SHIFT, FOR Q4 OF FISCAL 2020.AS COVID-19 OUTBREAK RAMPED UP IN LATE FEBRUARY AND EARLY MARCH 2020, DOLLARAMA EXPERIENCED A SURGE IN THE NUMBER OF TRANSACTIONS.SUSPENDING GUIDANCE FOR FISCAL 2021.DOLLARAMA - SPECIFICALLY WITHDRAWING GUIDANCE PROVIDED TO DATE WITH RESPECT TO DOLLARCITY'S CONTRIBUTION TO CO'S DILUTED NET EPS FOR FISCAL 2021.DOLLARAMA - AS AT MARCH 30, 2020, 1,237 DOLLARAMA STORES OUT OF 1,291 LOCATIONS ACROSS CANADA ARE OPEN AND OPERATIONAL.DOLLARAMA- AFTER HALTING PRODUCTION FOR NUMBER OF WEEKS IN FEB DUE TO COVID-19, OVERSEAS SUPPLIERS HAVE RESUMED OPERATIONS, CONTINUE TO RAMP UP PRODUCTION.