Sept 2 (Reuters) - Dollarama Inc DOL.TO :
* DOLLARAMA REPORTS FISCAL 2021 SECOND QUARTER RESULTS
* Q2 EARNINGS PER SHARE C$0.46
* Q2 SALES C$1.014 BILLION VERSUS REFINITIV IBES ESTIMATE OF C$975.7 MILLION
* Q2 SAME STORE SALES ROSE 5.4 PERCENT
* Q2 EARNINGS PER SHARE ESTIMATE C$0.41 -- REFINITIV IBES DATA
* QTRLY SALES WERE STRONG, DRIVEN BY DEMAND FOR SUMMER SEASONAL ITEMS
* STORE TRAFFIC IMPROVED WITH EACH MONTH IN QUARTER AS PROVINCIAL REOPENING PLANS UNFOLDED
* AS AT SEPTEMBER 1, 2020, ONLY 83 STORES HAD REDUCED OPENING HOURS
* HAD HIGHER SALES OF SUMMER SEASONAL ITEMS AS WELL AS HOUSEHOLD AND CLEANING PRODUCTS IN QUARTER
* BY JUNE 19, 2020, ALL STORES HAD REOPENED BUT 107 STORES OPERATED WITH A 10% OR MORE REDUCTION IN OPENING HOURS
* CORPORATION DOES NOT PROVIDE GUIDANCE FOR FISCAL 2021.
* HAD LOWER IN-STORE TRAFFIC, A REDUCTION IN DEMAND FOR CERTAIN PRODUCT CATEGORIES, SUCH AS PARTY SUPPLIES AND GREETING CARDS IN QUARTER
* AS AT THE END OF Q1 ON MAY 3, 2020, 104 STORES REMAINED TEMPORARILY CLOSED DUE TO GOVERNMENT-MANDATED CLOSURES, PRIMARILY IN QUEBEC MALLS
* CUSTOMERS REDUCED FREQUENCY OF STORE VISITS BUT PURCHASED LARGER QUANTITIES OF GOODS AT ONE TIME IN QUARTER
* ESTIMATED PURCHASE PRICE FOR 50.1% INTEREST IN DOLLARCITY ADJUSTED TO US$92.7 MILLION FROM PRIOR ESTIMATE OF US$80.4 MILLION AS AT MAY 3