Canadian dollar store operator Dollarama saw sales in the second quarter, ending 2 August, rise 14.1% to $653.3m compared with $572.6m in the same period the year prior.
Comparable store sales grew 7.9%, while gross margin was 38.4% and EBITDA grew 35.5%. The retailer also opened 17 new stores during the quarter, one less than it opened the year before.
Dollarama sells a variety of leading cosmetics and personal care brands including Colgate, Nivea and Ivory. Larry Rossy, Chairman and Chief Executive Officer of Dollarama, said: "The momentum experienced in the first quarter more than carried over into the second, resulting in an exceptional performance across the first half of fiscal 2016. The careful execution of our merchandising strategy and the implementation of operational improvements have made us stronger as we grow."
He continued: "We continue to reach new customers in an efficient manner, all while providing a consistent shopping experience in all of our stores. In terms of network growth, we remain on track to open 70 to 80 net new stores across the country by fiscal year-end."