Dollarama Inc. reported on Wednesday its financial results for the second quarter ended August 2, 2026, as sales increased by 17.6% to $2,026.6 million, compared to $1,723.8 million.
“At a time when households are making careful spending decisions, customers continued to count on Dollarama for dependable value. Together with the execution of our teams, this contributed to our strong second-quarter performance and supports the increase in our annual Canadian Comparable store sales and net new store opening guidance,” said Neil Rossy, President and CEO.
“We continue to drive profitable growth in Canada, and Central and South America, while building our presence in Mexico and advancing the transformation of our Australian business. Across all markets, our teams remain focused on earning every customer visit through strong value, convenient locations, a compelling assortment and a consistent shopping experience.”
Fiscal 2027 Second Quarter Results Highlights Compared to Fiscal 2026 Second Quarter
- Sales increased by 17.6% to $2,026.6 million, compared to $1,723.8 million
- Comparable store sales in Canada increased by 5.4%, compared to 4.9% in the second quarter of the previous year
- EBITDA increased by 11.0% to $653.0 million, representing an EBITDA margin of 32.2%, compared to 34.1%
- Operating income increased by 7.0% to $517.3 million, representing an Operating margin of 25.5%, compared to 28.0%
- Net earnings increased by 8.7% to $349.3 million, resulting in an 11.2% increase in diluted net earnings per common share to $1.29, compared to $1.16
- 15 net new stores opened in Canada, compared to 27 in the corresponding period of the previous year
- 4 net new stores opened and 25 stores renovated in Australia, all operating under the legacy banner
- 1,596,016 common shares repurchased for cancellation at a cost of $300.4 million
The comparative information for the second quarter of fiscal 2026 includes the financial results of The Reject Shop Limited (now Dollarama Australia Pty Limited) for the 13-day period from July 22, 2025 to August 3, 2025, whereas the results for the second quarter of fiscal 2027 include a full quarter of operations, it noted.
Dollarama said the sales increase was driven by the inclusion of a full quarter of sales in Australia.
Founded in 1992 and headquartered in Montréal, Quebec, Canada, Dollarama is a leading Canadian value retailer with international reach with more than 2,900 conveniently located stores and over 43,000 people serving customers in seven countries on three continents. In every market where it operates, Dollarama said it aims to provide compelling value at select low fixed price points and convenient access to a wide assortment of affordable everyday and seasonal merchandise that appeals to a broad customer base.
Dollarama operates more than 1,700 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 750 stores located in Colombia, El Salvador, Guatemala, Mexico and Peru.
The company said comparable store sales consisted of a 3.7% increase in the number of transactions and a 1.7% increase in average transaction size, over and above 4.9% growth in the second quarter of fiscal 2026. Comparable store sales growth in Canada was primarily driven by strong demand for consumables and general merchandise.
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