Dollarama Earnings: Value Proposition Shines Amid Macro Uncertainty; Shares Rich
Dollarama's second-quarter sales rose 17.6%, driven by 5.4% same-store sales growth. EBITDA margin fell 190 basis points to 32.2%, reflecting 110-basis-point headwinds to gross margin and SG&A, respectively, from a full quarter of Australia (10% of sales), partially offset by improvement in Canada.