DLMAF - Dollarama Inc. (DLMAF) Q4 2024 Earnings Call Transcript

2024-04-04 13:04:10 ET

Dollarama Inc. (DLMAF)

Q4 2023 Earnings Conference Call

April 04, 2024, 10:30 AM ET

Company Participants

Neil Rossy - President and Chief Executive Officer

Patrick Bui - Chief Financial Officer

Conference Call Participants

Irene Nattel - RBC Capital Markets

Vishal Shreedhar - National Bank Financial

Chris Li - Desjardins Securities

Tamy Chen - BMO Capital Markets

George Doumet - Scotiabank

Martin Landry - Stifel GMP

Mark Petrie - CIBC Capital Markets

Luke Hannan - Canaccord Genuity

Brian Morrison - TD Securities

Edward Kelly - Wells Fargo Securities

Presentation

Operator

Good morning and welcome to the Dollarama Fourth Quarter and Fiscal 2024 Results Conference Call. Neil Rossy, President and CEO; and Patrick Bui, CFO will make a short presentation followed by a question-and-answer period open exclusively to financial analysts. The press release, financial statements, and management's discussion and analysis are available at dollarama.com in the Investor Relations section as well as on SEDAR+.

Before we start, I have been asked by Dollarama to read the following message regarding forward-looking statements. Dollarama's remarks today may contain forward-looking statements about its current and future plans, expectations, intentions, results, levels of activity, performance, goals or achievements, or any other future events or developments. Forward-looking statements are based on information currently available to management and on estimates and assumptions made based on factors that management believes are appropriate and reasonable in the circumstances. However, there can be no assurance that such estimates and assumptions will prove to be correct.

Many factors could cause actual results, levels of activity, performance, achievements, future events or developments to differ materially from those expressed or implied by the forward-looking statements. As a result, Dollarama cannot guarantee that any forward-looking statement will materialize, and you are cautioned not to place undue reliance on these forward-looking statements. For additional information on the assumptions and risks, please consult the cautionary statement regarding forward-looking information contained in Dollarama's MD&A dated April 04, 2024 available on SEDAR+.

Forward-looking statements represent management's expectations as at April 04, 2024 and except as maybe required by law, Dollarama has no intention and undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

I would now like to turn the conference call over to Neil Rossy.

Neil Rossy

Thank you for that exceptional introduction Operator and good morning everyone. This morning Dollarama released impressive fourth quarter and fiscal 2024 results. For the quarter comparable store sales growth came in higher than expected at 8.7% and EPS increased by over 26%. For the full fiscal year SSS came in at 12.8% and EPS increased 29%. On the back of these results, we met or exceeded our annual guidance targets for all our key performance metrics....

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