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DOLLARAMA ( $ ● MONTREAL , Quebec , September 9 , 2021 - Dollarama Inc. ( TSX : DOL ) ( " Dollarama " or the " Corporation " ) today reported its financial results for the second quarter ended August 1 , 2021 . ● Fiscal 2022 Second Quarter Highlights Compared to Fiscal 2021 Second Quarter Results Sales increased by 1.6 % to $ 1,029.3 million ; Comparable store sales ( 1 ) ( 2 ) decreased by 5.1 % , driven by the ban on the sale of non - essential products in Ontario in place for the first 5.5 weeks of the quarter ( May 3 to June 10 , 2021 , inclusively ) ; O ● plus ● For immediate distribution ● DOLLARAMA REPORTS FISCAL 2022 SECOND QUARTER RESULTS For the 7.5 - week period following the lifting of the Ontario ban ( June 11 to August 1 , 2021 , inclusively ) , comparable store sales increased by 5.1 % year over year Gross margin ( ¹ ) was 43.4 % of sales , compared to 43.9 % of sales ; EBITDA ( ¹ ) increased by 5.7 % to $ 293.7 million , or 28.5 % of sales , compared to 27.4 % of sales ; Operating income increased by 4.3 % to $ 220.5 million , or 21.4 % of sales , compared to 20.9 % of sales ; Direct COVID - 19 costs amounted to $ 11.7 million , compared to $ 34.3 million ; Diluted net earnings per common share increased by 4.3 % to $ 0.48 from $ 0.46 ; The Corporation opened 13 net new stores , same as in prior year comparable period , bringing its total store count to 1,381 from 1,314 a year ago ; The Corporation was active on its normal course issuer bid , with 2,884,381 common shares repurchased for cancellation during the quarter for $ 163.6 million . " Our top - line performance in the second quarter of Fiscal 2022 reflects the impact of COVID - 19 restrictions in place throughout the quarter , most notably a 5.5 - week ban on the sale of non - essential products in our largest Canadian market during peak spring sales season , " said President and CEO Neil Rossy . " We nonetheless delivered positive EPS growth in a challenging landscape for value retailers , and we were pleased to see a notable uptick in customer traffic in our stores , a trend we continue to see today . Over 18 months into the pandemic , our fundamentals and value proposition are strong , and we are well positioned to continue serving Canadians from all walks of life as the economy reopens . " ( 1 ) We refer the reader to the notes in the section entitled " Selected Consolidated Financial Information " of this press release for the definition of these items and , when applicable , their reconciliation with the most directly comparable GAAP measure . ( 2 ) Excludes temporarily closed stores .