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BRIEF-Dollarama Exec Says Co Is Seeing Seasonal Sales Picking Up In Early Q2

Published 2020-06-10, 12:42 p/m
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June 10 (Reuters) - Dollarama Inc DOL.TO :

* DOLLARAMA EXEC ON COVID-19 IMPACT - CO'S MALL STORES WERE MOST IMPACTED, SEEING MORE SIGNIFICANT TRAFFIC DROP THAN CO'S STREET-LEVEL ONES - CONF CALL

* DOLLARAMA EXEC ON COVID-19 IMPACT - CO SAW SHARP RISE IN ONLINE SALES; ONLINE BUSINESS NOT MATERIAL TO CO'S OVERALL SALES

* DOLLARAMA EXEC - CO IS SEEING SEASONAL SALES LIKE SUMMER PRODUCTS PICKING UP IN EARLY Q2

* DOLLARAMA EXEC - IN Q2 RESULTS, CO WILL BE INCLUDING DOLLARCITY'S APRIL RESULTS, SO EXPECT THAT TO HAVE A NEGATIVE IMPACT

* DOLLARAMA EXEC ON RECENT DEMAND - PARTY SUPPLIES, GREETING CARDS ARE DOWN; SUMMER TOYS, POOL TOYS, GARDENING ITEMS ARE STRONG

* DOLLARAMA EXEC ON CHRISTMAS AND HALLOWEEN GOODS DEMAND - CO IS MORE CONSERVATIVE HOW IT BUYS CONSUMABLE THINGS LIKE CHOCOLATES AND CANDIES

* DOLLARAMA EXEC SAYS HIGHER COVID-19-RELATED COSTS IS GOING TO CONTINUE INTO Q2

* DOLLARAMA EXEC ON PRICE INCREASES - CO WILL BE PASSING ON SOME OF INCREASED COSTS TO CONSUMERS

* DOLLARAMA EXEC ON STORE OPENINGS AMID RETAIL CLOSURES - HOPEFULLY, CO WILL HAVE OPPORTUNITIES THAT IT HASN'T HAD IN THE PAST

* DOLLARAMA EXEC - EVEN IF MALL, WHERE CO'S STORES ARE LOCATED, WAS CLOSED, CO CONTINUED TO PAY RENT AND ABSORBED ALL COSTS OF PANDEMIC

* DOLLARAMA EXEC ON ONLINE SALES AMID LOCKDOWNS - THERE WAS VERY NICE UPTICK IN CRAFTS AND AND OTHER PROJECT ITEMS Further company coverage: DOL.TO

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