Dollarama lifts annual sales forecast on strong demand for cheaper grocery By Reuters


© Reuters. FILE PHOTO: People are seen shopping at a supermarket in Ottawa, Canada July 13, 2022. REUTERS/Patrick Doyle/File Photo

(Reuters) – Dollarama Inc raised its full-year same-store sales forecast on Wednesday, as the Canadian discount store chain benefited from inflation-weary consumers shopping at its stores in search of cheaper groceries and household supplies.

The discount store operator said it now expects comparable store-sales growth between 9.5% and 10.5% for fiscal 2023, up from the 6.5% to 7.5% range estimated previously.

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