Simon Belanger

Pretty much, yeah.

So they probably just charge, they probably make money by charging the restaurants probably for booked reservations.

I don't know how those companies make money at all, but I would imagine that's it.

Yeah.

Yeah, I mean, for $700 million, it's a very, well, I guess it's a small deal in the grand scheme of things, but...

Yeah.

So we had talked about it last quarter because Dollarama is one we always talk about because it kind of reports like off the path.

It's kind of outside of earnings season.

So it's always one that pops up on here.

But last quarter, they mentioned that weather issues.

held people back from going to the stores.

And we were both kind of... I remember I made fun of him.

We were both kind of hesitant to believe that, but it does seem to have been true.

They didn't come right out and say, oh, see, the weather was the issue.

But you can tell by the rebound and results that they were probably telling the truth.

Revenue increased 21.4% ahead of consensus.

Earnings grew by 13.3%, again, ahead of consensus.

Margins took a hit.

across the board but it isn't really anything operationally all this is is dollarama kind of merging in the reject shop acquisition in australia and i do believe the the mexico pilot project as well so these stores have lower margin profiles the ones in australia so it will drag on the company margins until they can integrate them and build out more of that dollarama dollarama model in that country

Canadian segment is doing outstanding, 5.6% same-store sales, 3.5% increase in transactions, 2% in basket size.