• Latest
  • Trending
  • All
  • News
  • Business
  • Politics
  • Science
  • World
  • Lifestyle
  • Tech
Decline in the profit of the Dollarama in the 1st quarter

Decline in the profit of the Dollarama in the 1st quarter

June 11, 2020
Coronavirus quarantine: what is the Great Barrington Declaration, the anti-lockdown movement that thousands of scientists joined

Coronavirus quarantine: what is the Great Barrington Declaration, the anti-lockdown movement that thousands of scientists joined

October 7, 2020
Summer 2021: news about the protocols on the Argentine coast

Summer 2021: news about the protocols on the Argentine coast

October 7, 2020
Eduardo Constantini: “The economic model is exhausted”

Eduardo Constantini: “The economic model is exhausted”

October 7, 2020
The unstoppable blue dollar: keeps rising and setting records

The unstoppable blue dollar: keeps rising and setting records

October 7, 2020
Industrial activity and construction fell: they are not recovering

Industrial activity and construction fell: they are not recovering

October 7, 2020
INDEC highlights the positive data from the wine industry, but …

INDEC highlights the positive data from the wine industry, but …

October 7, 2020
Alberto Fernández: “We have a future projection that we did not have before”

Alberto Fernández: “We have a future projection that we did not have before”

October 7, 2020
A Moyano returns and seeks to build in a key district of Buenos Aires

A Moyano returns and seeks to build in a key district of Buenos Aires

October 7, 2020
Vote: do you approve the change of slogan of the province of Mendoza?

Vote: do you approve the change of slogan of the province of Mendoza?

October 7, 2020
A from Mendoza unleashed the strongest reaction of Cafiero

A from Mendoza unleashed the strongest reaction of Cafiero

October 7, 2020
Health and security personnel charge the half bonus

Health and security personnel charge the half bonus

October 7, 2020
Germany and France denounce Russia for the Navalny case and ask for sanctions

Germany and France denounce Russia for the Navalny case and ask for sanctions

October 7, 2020
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, January 18, 2021
  • Login
The Koz Times
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • News
    • All
    • Politics
    Summer 2021: news about the protocols on the Argentine coast

    Summer 2021: news about the protocols on the Argentine coast

    Learn about wines in four classes: how cool! Look at the agenda!

    Learn about wines in four classes: how cool! Look at the agenda!

    The beautiful lagoon at the End of the World that you should visit

    The beautiful lagoon at the End of the World that you should visit

    These six Mendoza wineries shipped 16,800 bottles of wines to the United States

    These six Mendoza wineries shipped 16,800 bottles of wines to the United States

    Six Mendoza wineries shipped 16,800 bottles of wines to the United States

    Six Mendoza wineries shipped 16,800 bottles of wines to the United States

    Exciting video of the progress at the “El Azufre” ski center

    Exciting video of the progress at the “El Azufre” ski center

    New York: 14-day quarantine for Argentines

    New York: 14-day quarantine for Argentines

    Rat children of the gamer world, what are they and how to combat them?

    The extroverted idiot

    Having sex to get the urge with your ex, myth or reality?

    Trending Tags

    • Donald Trump
    • Future of News
    • Climate Change
    • Market Stories
    • Election Results
    • Flat Earth
  • Tech
    • All
    • Apps
    • Gear
    • Mobile
    • Startup

    Rap group call out publication for using their image in place of ‘gang’

    Meet the woman who’s making consumer boycotts great again

    New campaign wants you to raise funds for abuse victims by ditching the razor

    Twitter tweaks video again, adding view counts for some users

    A beginner’s guide to the legendary Tim Tam biscuit, now available in America

    India is bringing free Wi-Fi to more than 1,000 villages this year

    Betterment moves beyond robo-advising with human financial planners

    People are handing out badges at Tube stations to tackle loneliness

    Trump’s H-1B Visa Bill spooks India’s IT companies

    Oil spill off India’s southern coast leaves fisherman stranded, marine life impacted

    Trending Tags

    • Flat Earth
    • Sillicon Valley
    • Mr. Robot
    • MotoGP 2017
    • Golden Globes
    • Future of News
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    • Sports

    Meet the woman who’s making consumer boycotts great again

    New campaign wants you to raise funds for abuse victims by ditching the razor

    Twitter tweaks video again, adding view counts for some users

    A beginner’s guide to the legendary Tim Tam biscuit, now available in America

    People are handing out badges at Tube stations to tackle loneliness

    Trump’s H-1B Visa Bill spooks India’s IT companies

    Magical fish basically has the power to conjure its own Patronus

    This Filipino guy channels his inner Miss Universe by strutting in six-inch heels and speedos

    Oil spill off India’s southern coast leaves fisherman stranded, marine life impacted

    You can now play Bill Gates’ first PC game and run over donkeys on your iPhone, Apple Watch

  • Lifestyle
    • All
    • Fashion
    • Travel

    Rap group call out publication for using their image in place of ‘gang’

    Twitter tweaks video again, adding view counts for some users

    People are handing out badges at Tube stations to tackle loneliness

    Trump’s H-1B Visa Bill spooks India’s IT companies

    This Filipino guy channels his inner Miss Universe by strutting in six-inch heels and speedos

    ‘Idol’ contestant besieged by pro-Trump Twitter users because of his name

    Everyone stop everything: Beyonce just announced that she’s pregnant with twins

    Instagram is testing photo albums, because nothing is sacred anymore

    7 February games you should get excited about

    Using a mind reading device, ‘locked-in’ patients told researchers they’re happy

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
No Result
View All Result
The Koz Times
No Result
View All Result
ADVERTISEMENT
Home Business

Decline in the profit of the Dollarama in the 1st quarter

by magictr
June 11, 2020
in Business
0
Decline in the profit of the Dollarama in the 1st quarter
499
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT

Recul du profit de Dollarama au 1er trimestre

Photo: Michael Monnier Archives The Duty
Dollarama has surpassed the expectations of analysts, who believed that the pandemic would weigh more on its results.

Dollarama posted on Wednesday a decline in its earnings for its most recent quarter, but the retailer has nevertheless surpassed the expectations of analysts, who believed that the pandemic would weigh more on its results.

ADVERTISEMENT

“Following a sales environment volatile in the first quarter, we are pleased and satisfied with the momentum that we are seeing in our business at the beginning of the second quarter,” said chief financial officer Michael Ross during a conference call with analysts after the publication of the financial results for the first quarter of the retailer.

The montreal company has made a profit of almost $ 86.1 million, or 28 cents per share, for the quarter ended may 3. In comparison, he had earned 103.5 million $, or 33 cents per share, for the same quarter a year earlier.

This surpassed the estimate of Desjardins securities and the analysts ‘ consensus, which was for a profit of 26 cents per share, wrote analyst Chris Li in a note.

“This superior performance is explained by the fact that the comparable store sales and gross margin were better than expected, because the negative impact of COVID-19 was inferior to what we and (the analysts) had expected,” he writes.

To see the video

Excluding the establishments temporarily closed, Dollarama has indicated that its sales at stores open for at least a year had climbed by 0.7 %. The average size of transactions has increased by 22.6 %, but the number of transactions has decreased by 17.9 %, consumers outgoing less often, but spending more during their visits.

Analysts expect a decrease of 3.6 % to the quarter, ” said Mr. Li.

Taking into account the closed stores, comparable sales decreased 2.4 %.

In total, sales amounted to 844,8 million $, compared to 828,0 million during the first quarter of last year.

The company has seen a strong increase in customer traffic in stores in early march, stressed the chief executive officer, Neil Rossy, while customers stocking up on household products and cleaning products, health and hygiene, and food.

“It is not surprising that the demand for seasonal products for Easter, and for the beginning of the summer, party goods and greeting cards have been lower in these exceptional circumstances,” he said.

At the end of march, Holdings has experienced a steep decline in customer traffic in the stores, he explained, so that governments and health authorities imposed strict measures to help curb the spread of the coronavirus.

The stores located in malls have been the most affected, ” said Mr. Rossy. These represent about one-quarter of the establishments of the company.

At the end of April, he continued, the situation has begun to stabilize and some provinces have begun to announce their intention to re-open their economies and customers have begun to move further.

“However, the store traffic has continued to be affected by the measures of distancing physical put in place. “

The company expects a slow recovery and cautious of its activities across Canada during the second quarter, he said. Currently, 32 of the 1301 stores Dollarama remain temporarily closed. The company has been regarded as an essential service by some of the provinces, which allowed him to keep its stores open in many regions.

While several categories, such as birthday cards and greeting cards, will remain in decline, others are higher than normal, said Mr Ross, as the toys of summer, and pool and gardening supplies.

The company makes decisions based on estimates informed as to what is the amount of stock it buys for the future, ” said Mr. Rossy.

For the coming holiday season of Halloween and Christmas, his approach is essentially based on the status quo, while being more conservative for the purchase of consumable products, such as candy and chocolate.

“But for the other stuff, it can last even another year, it is not time-sensitive,” said Mr. Rossy.

So we’re going to take the risk of having too many goods for the Holiday season in order to be certain of having the goods needed, if things get back to normal. “

Dollarama has indicated that they have spent $ 15.0 million during the second half of the quarter to protect the health and safety of employees and customers, and to support the employees.

The retailer said to have put in place strict protocols to minimise the risks to employees and clients in all cases proved or probable COVID-19, including cleaning protocols, instructions for self-isolation, and financial support to the employees affected-directly or indirectly.

It was indicated that a total of 20 employees of its stores had been with the COVID-19-in date of Monday.

Share Button
Share200Tweet125Share50
magictr

magictr

RelatedPosts

Eduardo Constantini: “The economic model is exhausted”

Eduardo Constantini: “The economic model is exhausted”

by magictr
October 7, 2020
0

The businessman in an interview with LA NACIÓN expressed his opinion on the situation in Argentina and added that "the...

The unstoppable blue dollar: keeps rising and setting records

The unstoppable blue dollar: keeps rising and setting records

by magictr
October 7, 2020
0

The parallel price of the North American currency rose again, three pesos compared to yesterday, and closed the day at...

Industrial activity and construction fell: they are not recovering

Industrial activity and construction fell: they are not recovering

by magictr
October 7, 2020
0

Industrial activity fell 7.1% in August compared to the same month last year, and fell 0.9% compared to July 2020,...

INDEC highlights the positive data from the wine industry, but …

INDEC highlights the positive data from the wine industry, but …

by magictr
October 7, 2020
0

Faced with a scenario of a general decline in industrial activity in 2002, the latest INDEC report highlights the good...

  • Trending
  • Comments
  • Latest
Ash: This man is it a monster ? *** 1/2

Ash: This man is it a monster ? *** 1/2

July 24, 2020
The car Lynnewood leaves Amqui to Pennsylvania

The car Lynnewood leaves Amqui to Pennsylvania

July 15, 2020
Sexual assault: the trumpeter Ibrahim Maalouf acquitted on appeal

Sexual assault: the trumpeter Ibrahim Maalouf acquitted on appeal

July 8, 2020
Coronavirus quarantine: what is the Great Barrington Declaration, the anti-lockdown movement that thousands of scientists joined

Coronavirus quarantine: what is the Great Barrington Declaration, the anti-lockdown movement that thousands of scientists joined

0
Marat Safin: in our sport looks a lot smeshnovato

Marat Safin: in our sport looks a lot smeshnovato

0
The rise and care of Mary. As Sharapova completed a career

The rise and care of Mary. As Sharapova completed a career

0
Coronavirus quarantine: what is the Great Barrington Declaration, the anti-lockdown movement that thousands of scientists joined

Coronavirus quarantine: what is the Great Barrington Declaration, the anti-lockdown movement that thousands of scientists joined

October 7, 2020
Summer 2021: news about the protocols on the Argentine coast

Summer 2021: news about the protocols on the Argentine coast

October 7, 2020
Eduardo Constantini: “The economic model is exhausted”

Eduardo Constantini: “The economic model is exhausted”

October 7, 2020
The Koz Times

Copyright © 2017 JNews.

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • News
    • Politics
    • Business
    • World
    • Science
  • Entertainment
    • Gaming
    • Music
    • Movie
    • Sports
  • Tech
    • Apps
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Food
    • Fashion
    • Health
    • Travel

Copyright © 2017 JNews.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In