Dollarama raised annual sales forecast on Wednesday, banking on strong demand for its discounted groceries and essentials as Canadians weather sticky inflation.

The discount store operator said it now expects comparable store-sales growth of between 10% and 11% for fiscal 2024, compared with between 5% and 6% estimated previously.

(Reporting by Juveria Tabassum in Bengaluru; Editing by Krishna Chandra Eluri)