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  "documentTitle": "Dollarama Inc. (DOL)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2018-10-31 00:00:00",
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  "notes": "The chart shows a disconnect between rising debit card penetration and volatile/stagnant comp benefits.",
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      "text": "Dollarama management has characterized the benefit from debit cards as being roughly a doubling in average purchase size. If true, this benefit would be visible in year-over-year sales comps.",
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      "text": "Debit Card Penetration and Imputed Comp Benefit",
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      "text": "Dollarama management has characterized the benefit from debit cards as being roughly a doubling in average purchase size. If true, this benefit would be visible in year-over-year sales comps. The Company has not always disclosed penetration – and they ceased doing so after Q4 2016 – but the data suggest that the average annual comp benefit was approximately 2.5% from FY 2013-16.",
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