"Following a volatile sales environment in Q1, we are happy and pleased with the momentum we're seeing in our business now in the early part of the second quarter," chief financial officer Michael Ross told during a conference call with analysts after the company released its first-quarter financial results Wednesday.
"The outperformance came from better-than-expected same-store sales and gross margin as the negative impact of COVID-19 was less than what we and the Street had expected," he wrote. In late March, Dollarama saw a sharp decline in store traffic, he said, as governments and health authorities imposed strict measures to help curb the spread of the coronavirus.
"However, store traffic continued to be adversely impacted by physical distancing measures in place."
Dollaramas are always full and most items are missing! I don’t believe these companies. Maybe so they can pay less tax!