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Dollarama Inc. (TSX:DOL:CA) recently came out with excellent Q4 earnings, which propelled this already pricey stock up another 10%+. Even though the stock trades at what many may consider a lofty multiple, this analyst believes the expensive price is quite justified considering the company’s excellent long-term potential.
(All numbers quoted are CAD unless otherwise indicated.)
Dollarama FY24 earnings review
Dollarama came out with fiscal 2024 full-year earnings on Thursday, and investors universally cheered its results. Shares finished the day up 10%, rising from approximately $100 to $110 on heavy trading on the Toronto Stock Exchange. The stock continued its march higher during early trading on Friday, rising an additional 2.8%.
Some highlights from Dollarama’s excellent earnings report include:
- Same-store sales growth of 8.7% for the fourth quarter and 12.8% for fiscal 2024.
- Diluted EPS…
