The following is a summary of the Dollarama Inc. (DLMAF) Q4 2024 Earnings Call Transcript:

Financial Performance:

• Dollarama reported Q4 sales of over $1.6 billion marking an increase of 11.3%, with total fiscal year sales raising 16.1% to nearly $5.9 billion.

• The Company saw significant comparable store sales growth of 8.7% and 12.8% for Q4 and full year respectively.

• Dollarama's earnings per share rose over 26% in Q4 and 29% for the full fiscal year.

• The gross margin expanded to 44.5% and Q4 EBITDA surged 19.5% to reach $558.9 million.

• Over the fiscal year, the company repurchased 7.1 million common shares for approximately $665.9 million.

Business Progress:

• In fiscal 2024, Dollarama opened 65 new stores, reaching a total count of 1551 stores, indicating a healthy expansion rate.

• Dollarcity, Dollarama's Latin American venture, opened 92 new stores in 2023, ending the year with over 530 stores.

• The company is focusing on key ESG areas to advance meaningful projects, underlying a commitment to sustainability and corporate responsibility.

• Despite market fluctuations, Dollarama is strategizing to keep customer operations engaged through continuous merchandise refresh and pricing strategy.

• Dollarama's strategy to maintain a focus on their relative value has been linked to the notable growth observed in its customer base. Future growth remains optimistic with no plans to change the growth outlook for Dollarcity's 850-store target.

More details: DOLLARAMA INC IR

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