Simon Belanger
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Appearances Over Time
Podcast Appearances
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.
So the average somebody is spending when they go in there is going up and traffic is picking up.
And I mean, a lot of Canadians just kind of right now at this point just refuse to pay higher prices for necessities.
That's just kind of the reality.
It's been the reality for the Dollaramas, the Loblaws of the world for the last three, four years here.
Same store sales in Canada are now tracking well ahead of guidance for the last five quarters, that weather impact quarter.
So we have that weather impacted quarter that happened last quarter.
That was the first time same store sales have been below 4.9%, I think, over the last few years here.
And two of the last three quarters have been over 5.5%.
So the company is guiding to same store sales growth of 3% to 4% this year.
And I would imagine that's