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Simon Belanger

πŸ‘€ Speaker
7390 total appearances
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Appearances Over Time

Podcast Appearances

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

held people back from going to the stores.

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

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

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

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

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

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

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

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

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

Revenue increased 21.4% ahead of consensus.

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

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

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

Margins took a hit.

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

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

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

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

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

So the average somebody is spending when they go in there is going up and traffic is picking up.

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

And I mean, a lot of Canadians just kind of right now at this point just refuse to pay higher prices for necessities.

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

That's just kind of the reality.

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

It's been the reality for the Dollaramas, the Loblaws of the world for the last three, four years here.

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

Same store sales in Canada are now tracking well ahead of guidance for the last five quarters, that weather impact quarter.

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

So we have that weather impacted quarter that happened last quarter.

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

That was the first time same store sales have been below 4.9%, I think, over the last few years here.

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

And two of the last three quarters have been over 5.5%.

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

So the company is guiding to same store sales growth of 3% to 4% this year.

The Canadian Investor
SpaceX IPO Mania, M&A Heats Up, Dollarama Rises While Dynamite and Adobe Drop

And I would imagine that's