Canadian discount retailer Dollarama boosted its store count 5.4% over the past year.

Montreal-based Dollarama’s store total rose to 1,541 from 1,462 between October 2022 and October 2023, the company said Wednesday in a news release accompanying its quarterly earnings report. Dollarama opened 16 net new stores in the third quarter compared to 18 a year earlier.

The store-count increase drove Dollarama’s 14.6% rise in third-quarter sales to $1.48 billion from $1.29 billion in the corresponding period of the previous fiscal year.

The company’s jointly owned Dollarcity chain, which operates discount stores in Latin America, has also seen healthy increase in openings. During its third quarter, Dollarcity opened 22 net new locations compared to 18 a year earlier. Between December 2022 and September 2023, Dollarcity increased its store count 9% to 480 from 440.

Dollarama holds a 50.1% stake in Dollarcity. As of September 2023, Dollarcity had 287 locations in Colombia, 96 in Guatemala, 68 in El Salvador and 29 in Peru.

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