Dollarama Sales Slowdown a Rare Misstep for Retail Juggernaut
- Shares fall after same-store growth is least in four years
- Company says demand for summer items is now catching up
A Dollarama store in Edmonton, Alberta.
Photographer: Artur Widak/NurPhoto via Getty Images
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Dollarama investors don’t take kindly to average results.
Shares of Dollarama Inc., the Montreal-based retailer that’s been adding stores throughout Canada, fell the most since December after it reported the lowest comparable-store sales growth in more than four years. Dollarama said poor April weather pushed back demand for summer goods such as hats and gardening tools. It maintained a full-year forecast of 4 percent to 5 percent growth.