Dollarama beats first-quarter sales estimates

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- Canada's Dollarama DOL.TO beat quarterly sales estimates on Thursday, as steady demand from cost-conscious shoppers for low-priced essentials boosted the discount retailer.

The company posted net sales of C$1.85 billion ($1.32 billion) for the first quarter, compared with analysts' average estimate of C$1.82 billion, according to data compiled by LSEG.

($1 = 1.3981 Canadian dollars)