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Highlights
- The DOL stock announced that it would pay a quarterly dividend of C$ 0.071 per share.
- In Q4 2023, Dollarama's sales surged by 20.3 per cent year-over-year (YoY).
- In fiscal 2023, the sales of Dollarama amounted to C$ 5,052.7 million.
Many stocks have fallen as market conditions have changed over the past year, but Dollarama Inc. (TSX:DOL) is one of the few companies that has maintained its strong performance.
An increase in inflation is impacting the way many firms run. Some are impacting profitability due to rising costs. Inflation may affect other firms' earnings because consumers now spend more on necessities like groceries and healthcare. Then there are companies whose costs and sales are fluctuating.
It has been one of the few equities that have actually increased in value throughout this economic downturn due to consumers' continued inclination towards bargain retailers like Dollarama to partially offset the price increases of essentials.
How's Dollarama performing?
One of the finest stocks to explore right now could be Dollarama because it is a cheap retailer. It is often observed that when the economic environment—such as a recession or rising inflation—has an influence on customers' incomes, many turn to the company to try and save money on necessities.
According to Tradingview data, the yearly performance of DOL stock is that it gave returns of 13.59 per cent to shareholders. Meanwhile, the stock has surged a little over 60 per cent in the last year five years.
The DOL stock announced that it would pay a quarterly dividend of C$ 0.071 per share and its dividend yield was 0.345 per cent at the time of writing.
The market capitalization of the consumer stock was C$ 23.3 billion, and price-to-earnings (P/E) ratio was 29.5.
Latest earnings of Dollarama
In Q4 2023, Dollarama's sales surged by 20.3 per cent year-over-year (YoY) to C$ 1,473.2 million. Meanwhile, the EBITDA increased to C$ 467.7 million after it grew 18.8 per cent YoY.
The operating income of the discount retailer also jumped 20.8 per cent to C$ 381.4 million, which represented 25.9 per cent of the company's sales.
In fiscal 2023, the sales amounted to C$ 5,052.7 million, and the operating income was C$ 1,191.5 million, reflecting a growth of 16.7 per cent and 21 per cent, respectively.
Please note, the above content constitutes a very preliminary observation based on the industry and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.
