MONTREAL, Jan. 17, 2014 /CNW Telbec/ - Dollarama Inc. (TSX: DOL)
("Dollarama" or the "Corporation") announced today that its December
sales results were negatively impacted by exceptionally severe weather
conditions.
Adverse weather conditions as well as power outages in some of the
Corporation's core markets throughout the month of December 2013
resulted in a significant reduction in store traffic and the temporary
closure of approximately 80 stores, for periods ranging from a few
hours to two consecutive days. The majority of the impacted days
occurred during the two weekends leading up to December 25th. Historically, the Corporation's highest sales results have occurred
during the fourth quarter, more specifically during the winter holiday
season, with December representing a higher proportion of sales.
Taking into account the 8.4% increase in comparable store sales for the
month of November and the 7.5% decrease for December, comparable stores
sales for the months of November and December combined decreased by
1.4% compared to the previous year. The Corporation believes the
decline in December sales to be an exceptional event as sales are now
trending back to normal levels in January.
The Corporation will provide additional details in the spring when it
releases its financial statements for the fiscal year ending February
2, 2014. The Corporation does not intend to provide updates or guidance
for future interim periods in respect of comparable store sales
figures.
About Dollarama
Dollarama is Canada's leading dollar store operator with 847 locations
across the country. Our stores provide customers with compelling value
in convenient locations, including metropolitan areas, mid-sized cities
and small towns. Dollarama aims to provide customers with a consistent
shopping experience, offering a broad assortment of everyday consumer
products, general merchandise and seasonal items. Products are
currently sold in individual or multiple units at select fixed price
points up to $3.00.
Forward-Looking Statements
Certain statements in this news release about our current and future
plans, expectations and intentions, results, levels of activity,
performance, goals or achievements or any other future events or
developments constitute forward-looking statements. The words "may",
"will", "would", "should", "could", "expects", "plans", "intends",
"trends", "indications", "anticipates", "believes", "estimates",
"predicts", "likely" or "potential" or the negative or other variations
of these words or other comparable words or phrases, are intended to
identify forward-looking statements. Forward-looking statements are
based on information currently available to us and on estimates and
assumptions made by us in light of our experience and perception of
historical trends, current conditions and expected future developments,
as well as other factors that we believe are appropriate and reasonable
in the circumstances, but there can be no assurance that such estimates
and assumptions will prove to be correct. Many factors could cause our
actual results, level of activity, performance or achievements or
future events or developments to differ materially from those expressed
or implied by the forward-looking statements, including, without
limitation, the factors which are discussed in greater detail in the
"Risks and Uncertainties" section of the Corporation's management's
discussion and analysis (MD&A) for the fiscal year ended February 3,
2013 and in its continuous disclosure filings (available on SEDAR at www.sedar.com).
These factors are not intended to represent a complete list of the
factors that could affect us; however, they should be considered
carefully. The purpose of the forward-looking statements is to provide
the reader with a description of management's expectations regarding
the Corporation's financial performance and may not be appropriate for
other purposes; readers should not place undue reliance on
forward-looking statements made herein. Furthermore, unless otherwise
stated, the forward-looking statements contained in this news release
are made as of January 17, 2014, and we have no intention and undertake
no obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law. The forward-looking statements contained in
this news release are expressly qualified by this cautionary statement.
SOURCE Dollarama Inc.