Canada's Dollarama misses estimates amid pricing pressure [Reuters]
Dollar Tree, Inc. (DLTR)
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Source: Reuters
Canada's Dollarama misses estimates amid pricing pressure | Reuters 2 Min Read (Reuters) - Canada’s Dollarama Inc on Thursday reported lower-than-expected quarterly results, as the discount chain operator could not raise prices in the face of stiff competition from retailers such as Dollar Tree Inc, sending its shares down as much as 17 percent. The results come on the back of worries that fewer customers are shopping at Dollarama’s stores, unhappy with price hikes in recent years. Dollarama sells products priced up to C$4, while U.S.-based Dollar Tree sells everything for a fixed price of C$1.25. Dollarama’s shares, which have fallen more than 35 percent this year, were unlikely to get a boost unless there is change in its ability to further increase prices, according to TD Securities analysts. Dollarama, which operates more than 1,000 stores in the country, said same-store sales rose 3.1 percent in the third quarter, but its number of transactions declined by nearly 1 percent. Keepi
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DLTR
Earnings
- 3/13/24 - Miss
DLTR
Sec Filings
- 4/4/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- DLTR's page on the SEC website