Dollarama Inc. said its normalized net income for the fiscal first quarter ended May 4 was 33 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 38 cents per share.

EPS climbed 24.2% year over year from 27 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$45.6 million, an increase of 16.3% from C$39.2 million in the year-earlier period.

The normalized profit margin increased to 9.1% from 8.7% in the year-earlier period.

Total revenue climbed 11.8% year over year to C$501.1 million from C$448.1 million, and total operating expenses increased 10.6% from the prior-year period to C$423.7 million from C$383.1 million.

Reported net income grew 17.8% year over year to C$53.5 million, or 39 cents per share, from C$45.4 million, or 31 cents per share.