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Dollarama raises annual sales forecast as consumers opt for cheaper alternatives

Reuters
12/11
Dollarama raises annual sales forecast as consumers opt for cheaper alternatives

Dec 11 (Reuters) - Canada's Dollarama DOL.TO raised its annual sales forecast on Thursday, betting on resilient demand for cheaper household supplies and groceries amid still high inflation.

The company expects annual comparable sales to grow in the range of 4.2% to 4.7%, compared to previous expectations of a 3% to 4% rise.

(Reporting by Koyena Das in Bengaluru; Editing by Shailesh Kuber)

((koyena.das@thomsonreuters.com))

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