CA - Dollarama Q4 Review: Impressive Results But Approaching Fair Value
2023-03-30 04:03:28 ET
Summary
- Dollarama announced Q4 and year-end earnings for the period ended Jan. 31, 2023 on March 29, 2023.
- The company announced blowout sales growth of 15.9% and highlighted that revenue will grow in the mid-single digits this coming year.
- Margins remained resilient, but higher forecasted SG&A costs held the stock from soaring.
- DOL:CA had an incredible run in 2022, rising over 25%, but much of the growth is now baked into the stock price.
- I reiterate a cautious Buy rating with an $86 price target with an 18-month view (all prices in CAD unless noted otherwise).
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Dollarama Q4 Review: Impressive Results, But Approaching Fair Value