Simon Belanger

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

Just because the other segments are probably going to drag because the Canadian end is kind of well above this.

dollar city which is their latin american exposure they own majority stake in this i think they bought it six or seven years ago that's growing like crazy too so earnings are up 27.1 percent revenue 34 30.4 percent store counts 752 versus 644 a year ago and then as i had mentioned mexico is kind of the company's next bet they've been launching pilot stores there for the last while

It'll be interesting to see if they can integrate there.

It's kind of a big loser financially for the company right now, but again, it's very early.

It has a lot of potential untapped market.

And on the Australia front, very early innings, but what they're saying, they've only turned around...

They've only turned around, like turned around, around 28 stores to the Dollarama layout versus I think they have over 400 total.

So the results from this segment are probably going to look pretty ugly over the short term.

They're going to be overhauling store layouts, renovating them, overhauling inventories, all that type of stuff.

So it's going to cost them a lot of money to do this.