March 28, 2019 / 2:18 PM / 8 months ago

BUZZ-Dollarama Inc: Falls on profit miss

** Canadian discount store chain’s shares down 1.3 pct at C$35.00

** Co posts Q4 EPS of 54 Canadian cents vs avg. analyst est. of 55 Canadian cents, as per IBES data from Refinitiv

** Number of transactions drop 0.4 pct

** Gross margin narrows to 40.4 pct of sales from 41.4 pct a year earlier due to co’s decision to minimize price increases in fiscal 2019

** CEO Neil Rossy says to add 60-70 net new stores this year

** Stock up 6.6 pct YTD (Reporting By Arundhati Sarkar in Bengaluru)

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