Montreal – Dollarama Inc. reported an increase in sales, net earnings and same-store sales for the fourth quarter and fiscal year 2014, compared to the same periods in the prior year. During the fourth quarter, net earnings rose 8% to $83 million from $77.1 million.
Meanwhile, sales rose 4% to $582.3 million from $561.9 million and same-store sales grew 1.1%. The addition of 89 net new stores, increases in same-store sales and average transaction size helped drive overall sales growth.
During the fiscal year, net income rose 13% to $250.1 million, from $221 million. Sales grew 11% to $2.06 billion, from $1.85 billion. Same-store sales increased 3.8%.
"Fourth quarter and full-year financial results came out strong despite the adverse impact of severe weather conditions on store traffic, particularly in December, during our peak sales period,” said Larry Rossy, chairman and CEO of Dollarama. “While not as severe, weather conditions did remain challenging for the remainder of the winter season.”