Dollarama reports $321.7M Q3 profit, up from $275.8M a year ago

Dollarama Inc. reported a third-quarter profit of $321.7 million, up from $275.8 million in the same quarter last year.

The retailer says the profit amounted to $1.17 per diluted share for the quarter ended Nov. 2, up from 98 cents per diluted share a year earlier.

Sales for what was the third quarter of Dollarama's 2026 financial year totalled $1.91 billion, up from $1.56 billion in the same quarter last year, boosted by the addition of 401 stores in Australia and growth in the number of stores in Canada.

Comparable-store sales in Canada for the third quarter increased 6.0 per cent, including a 4.1 per cent increase in the number of transactions and a 1.9 per cent increase in average transaction size.

In its outlook, Dollarama says it expects Canadian same-store sales growth of 4.2 per cent to 4.7 per cent for its 2026 financial year, up from earlier guidance for between 3.0 per cent and 4.0 per cent.

The retail says it now expects Canadian gross margins between 45.0 per cent and 45.5 per cent, up from between 44.2 per cent and 45.2 per cent. Canadian capital expenditures are now expected to total between $240 million and $285 million, compared with earlier guidance for between $285 million and $330 million.