September 13, 2018 / 2:48 PM / 2 months ago

BUZZ-Dollarama Inc: Tumbles on Q2 miss, lower same-store sales forecast

** Canadian discount store chain’s shares down 14.3 pct at C$44.65, biggest single-day percentage loss on record

** Stock touches lowest in over a year as Q2 profit, same-store sales and revenue miss estimates

** DOL cuts FY same-store sales forecast to between 2.5 pct and 3.5 pct, from 4-5 pct; Q2 SSS hurt as number of transactions at stores slip 0.5 pct from a year ago

** Stock biggest drag on the TSX 300 Composite Index

** Up to Wednesday’s close, stock had risen 16 pct in the last 12 months (Reporting by Karan Nagarkatti)

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