Dollarama Inc. reported a second-quarter profit of $321.5 million, up from $285.9 million a year earlier, as its sales rose 10.3 per cent.

The retailer says its profit amounted to $1.16 per diluted share for the 13-week period ended Aug. 3, up from $1.02 per diluted share a year earlier.

Sales for the quarter totalled $1.72 billion, up from $1.56 billion in the same quarter last year.

Dollarama says the increase was primarily driven by growth in the total number of stores over the past 12 months, from 1,583 a year ago to 2,060 on Aug. 3.

The increase came as comparable store sales for the quarter increased by 4.9 per cent, including a 3.9 per cent increase in the number of transactions and a 0.9 per cent increase in average transaction size.

Dollarama president and chief executive Nei

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