Investing.com - Dollarama reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Dollarama announced earnings per share of C$0.66 on revenue of C$1.22B. Analysts polled by Investing.com anticipated EPS of C$0.643 on revenue of C$1.19B.
Dollarama shares are up 27% from the beginning of the year , still down 2.92% from its 52 week high of C$83.44 set on Wednesday, August 17, 2022. They are outperforming the S&P/TSX which is down 7.05% year to date.
Dollarama shares gained 1.89% in intra-day trade the report.
Dollarama follows other major Consumer Discretionary sector earnings this month
Dollarama's report follows an earnings missed by Canadian Tire Corporation on Thursday, August 11, 2022, who reported EPS of C$3.11 on revenue of C$4.4B, compared to forecasts EPS of C$3.6 on revenue of C$4.34B.
Canadian Tire Ltd had missed expectations on Thursday, August 11, 2022 with second quarter EPS of C$3.11 on revenue of C$4.4B, compared to forecast for EPS of C$3.6 on revenue of C$4.34B.
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