Dollarama Inc. released on Thursday its financial results for the third quarter of Fiscal 2026, covering the period from August 4, 2025 to November 2, 2025, indicating a significant hike in sales from a year ago.
The corporation said it has two reportable segments: Canada (which includes the contribution of the Corporation’s equity-accounted investments in Latin America) and Australia since the completion of its acquisition of The Reject Shop Limited on July 21.
Fiscal 2026 Third Quarter Results Highlights Compared to Fiscal 2025 Third Quarter
- Sales increased by 22.2% to $1,909.4 million, compared to $1,562.6 million
- In Canada, Comparable store sales increased by 6.0%, compared to 3.3% in the corresponding period of the previous year
- EBITDA increased by 20.1% to $612.0 million, representing an EBITDA margin of 32.1%, compared to 32.6%
- Operating income increased by 18.1% to $481.2 million, representing an operating margin of 25.2%, compared to 26.1%
- Net earnings increased by 16.6% to $321.7 million, resulting in a 19.4% increase in diluted net earnings per common share to $1.17, compared to $0.98
- 19 net new stores opened in Canada, compared to 18 in the corresponding period of the previous year and 6 net new stores opened in Australia under the TRS banner
- 2,605,912 common shares repurchased for cancellation for $484.6 million
“In an economic environment that has remained unpredictable, our business model continues to demonstrate its enduring relevance and resilience, driving strong 6.0% Comparable store sales growth in Canada for the quarter,” said Neil Rossy, President and CEO of Dollarama.
“Internationally, we also continued to advance our growth plans and the rollout of the Dollarama model. Dollarcity delivered another quarter of strong financial and footprint growth, opening their 700th store in Latin America and fifth location in Mexico after quarter-end. In Australia, we have begun laying the groundwork for The Reject Shop’s transformation as we prepare the platform for the deployment of our value proposition in the coming years.”
Founded in 1992 and headquartered in Montréal, Dollarama is a leading Canadian value retailer with international reach with more than 2,700 stores and over 41,000 people serving customers in seven countries on three continents.
Dollarama operates more than 1,600 stores in Canada with a presence in all 10 provinces and two territories. In Australia, Dollarama operates the country’s largest discount retail chain, The Reject Shop, with a national network of over 400 stores. Dollarama is also the majority shareholder, through its equity-accounted investments, in Latin American value retailer Dollarcity which has more than 700 stores located in Colombia, El Salvador, Guatemala, Mexico and Peru.
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