Dollarama reports Q2 profit and sales up raises comparable store sales guidance

Companies in this story: (TSX:DOL) The Canadian Press MONTREAL — Dollarama Inc. reported a profit of $143.2 million in its latest quarter as its sales grew 9.0 per cent compared with a year ago.The discount retailer says its profit amounted to 45 cents per diluted share for the quarter ended Aug. 4 compared with a profit of $140.4 million or 42 cents per diluted share a year ago.Sales totalled $946.4 million, up from $868.5 million, while comparable store sales grew 4.7 per cent.Analysts, on average, had expected a profit of 46 cents per share and revenue of $939.2 million, according to financial markets data firm Refinitiv.In its outlook, Dollarama raised its guidance for comparable store sales growth to a range of 3.5 to 4.5 per cent compared with earlier expectations for between 3.0 and 4.0 per cent.However, the retailer said its gross margins are expected to come in at the low end of its earlier guidance at 43.25 to 43.75 per cent, compared with earlier expectations for between 43.25 and 44.25 per cent. read more

Annan pays tribute to memory of veteran diplomat Oleg Troyanovsky

“Mr. Troyanovsky was a brilliant diplomat who represented his country with singular expertise and adroitness at an acutely challenging time in the world and the history of the Organization,” Mr. Annan said through his spokesman.”He combined a profound understanding of the indispensability of the UN with exceptional charm, humour, eloquence and flair.”Spokesman Fred Eckhard recalled an incident in 1980 when Maoist demonstrators posing as reporters doused Ambassador Troyanovsky in red paint. “While other diplomats flinched, Troyanovsky looked up calmly and said – without missing a beat – ‘better red than dead,’” Mr. Eckhard said.The Secretary-General extended his condolences to the family and friends of the veteran Russian diplomat and to the Government of the Russian Federation. read more

Ohio State womens soccer ends scoring skid beat Michigan State 31

Freshman forward Nichelle Prince (7) celebrates a goal with her teammates during a match against Michigan State Oct. 12 at Jesse Owens Memorial Stadium. OSU won, 3-1.Credit: Daniel Rogers / Asst. sports editorThe Ohio State women’s soccer team (8-3-3, 2-2-2) had failed to score since a 3-1 victory against Indiana Sept. 26, but that scoring hiatus ended Saturday as three different Buckeyes found the back of the net on their way to a 3-1 win against Michigan State.“It felt good to get some goals after struggling for the past three games,” sophomore forward Michela Paradiso said. “It feels good, just to remember what (winning) feels like.”Coach Lori Walker said she was also pleased with the effort from her team offensively.“We’ve got the right people in the right places, and (Saturday) we were able to just have the confidence to find the back of the net,” Walker said.The offensive control for OSU started early, outshooting the Spartans 9-3 during the first half.The Buckeyes were able to capitalize on that advantage in the 38th minute, as a header from junior midfielder Ellyn Gruber put OSU on the board first with an assist from Freshman forward Nichelle Prince.“Nichelle got end-line, and that’s what we’ve been working on all week. She played a great ball in the air and I just knocked it in,” Gruber said.Prince would get her own goal in the 72nd minute, giving the Buckeyes a two-goal advantage.The Spartans edged closer with a goal from junior midfielder Nicole Caruso in the 76th minute, assisted by redshirt-sophomore Kirsten Evans.Paradiso put Michigan State (7-5-2, 1-5) away just minutes later, scoring the games final goal in the 80th minute.“I was able to spin the (defender), and then I got the ball back and caught the ball back against her, and toe-poked it with my right foot in the corner (of the net),” Paradiso said.Paradiso said she was also happy with her team’s performance offensively.“It felt much better … we got the ball wide and were able to go end-line on them, and I think we connected a lot better,” she said.A road match against Penn State is up next for the Buckeyes, scheduled for Thursday at 3 p.m in University Park, Pa. read more