Dollarama Inc. said its normalized net income for the fiscal second quarter ended Aug. 3 came to 44 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 52 cents per share.
EPS rose 24.8% year over year from 35 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$58.8 million, a gain of 14.7% from C$51.3 million in the year-earlier period.
The normalized profit margin climbed to 10.3% from 10.0% in the year-earlier period.
Total revenue climbed 12.0% on an annual basis to C$572.6 million from C$511.3 million, and total operating expenses grew 10.9% year over year to C$473.4 million from C$426.9 million.
Reported net income rose 15.4% from the prior-year period to C$69.0 million, or 52 cents per share, from C$59.8 million, or 41 cents per share.
