Investing
Dollarama raises annual sales forecast on steady demand for discounted goods
© Reuters. FILE PHOTO: A Dollarama store is pictured in Toronto, Ontario, Canada, June 5, 2018. REUTERS/Carlo Allegri/File Photo
(Reuters) – Dollarama lifted its annual sales forecast on Wednesday, encouraged by strong demand for its household essentials and groceries as inflation-hit consumers turned to discount stores.
The discount store operator now expects comparable store sales growth of 11% to 12% for fiscal 2024, up from the 10% to 11% range estimated previously.
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