Dollarama Inc.'s (DOL.TO) fourth-quarter net earnings advanced to C$77.13 million, or C$1.04 per share, from C$63.61 million, or C$0.84 per share reported a year back. On a normalized basis, net earnings for the recent quarter amounted to C$78.4 million, or C$1.06 per share. On average, 7 analysts polled by Thomson Reuters expected earnings per share of C$1.02 for the quarter. Analysts' estimates typically exclude one-time items.
Sales for the fourth quarter of fiscal 2013 went up by 19.9% to C$561.9 million, from last year's C$468.7 million. Analysts estimated revenues of C$546.74 million for the quarter. The total sales for the period include a fourteenth week, associated with the 53-week retail calendar, accounting for $32.1 million of total sales for the quarter.
In addition, the board has approved a 27% increase of the quarterly dividend for its common share holders, from C$0.11 per share to C$0.14 per share. The raised dividend would be paid on May 7, 2013 to shareholders of record at the close of business on April 30, 2013 and is designated as an "eligible dividend" for Canadian tax purposes.
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