Stifel

Dollarama’s $5 Ceiling Is Becoming a Test for Canadian Retail

Lee Rivett -
Dollarama is holding its $5 maximum price point as Canadian traffic continues to rise and cost pressures build. The widening performance gap with parts of mainstream retail raises questions about whether value shopping is becoming a permanent part of household spending.

Happy Belly Could Reach 183 Restaurants by 2027: Stifel

Lee Rivett -
Happy Belly Food Group could reach 183 restaurants by the end of 2027 as franchising, development agreements and U.S. expansion drive growth, according to Stifel.

Leon’s Sees Canadian Consumers Trading Down as Premium Shoppers Keep Spending

Craig Patterson -
Leon’s is seeing middle-market Canadian consumers trade down to lower price points while premium shoppers keep spending, highlighting a widening divide in retail.

Canadian Consumers Signal Unexpected Rebound in Spending Intentions

Craig Patterson -
A new Stifel Canada survey finds 57% of Canadians expect to increase discretionary spending, with gains in apparel and dollar stores but weakness in furniture.

Dollarama Surpasses 1,700 Stores in Canada, With Hundreds More Planned

Lee Rivett -
Dollarama has surpassed 1,700 stores in Canada and continues to pursue a long-term goal of approximately 2,200 locations nationwide as expansion plans move forward.

Canadian Tire Positioned to Gain Market Share as Retail Consolidation Continues: Report

Craig Patterson -
A new analyst report suggests Canadian Tire is well positioned to benefit from retail consolidation in Canada through its banners, loyalty program, owned brands and True North strategy.

Why Aritzia Keeps Winning in a Fragmented Apparel Market

Craig Patterson -
Aritzia’s growth highlights shifting consumer habits, premium positioning, and the widening divide in apparel retail.

Aritzia’s Rise from Canadian Brand to North American Powerhouse

Craig Patterson -
Aritzia’s rapid U.S. expansion and strong financial performance position it as a leading North American retail powerhouse.

Canadian Spending Intentions Weaken as Consumer Pressures Build

Craig Patterson -
Stifel survey shows weakening Canadian spending intentions, with apparel and discretionary categories under pressure in 2026.

Garage U.K. Debut Signals Global Growth for Groupe Dynamite

Craig Patterson -
Garage’s U.K. debut drew strong demand, signaling global growth potential for Groupe Dynamite, according to Stifel.

Dollarama Shares Fall as Australia Expansion Weighs on Outlook

Lee Rivett -
Dollarama beats Q4 earnings but lowers outlook as Australia investment pressures margins and near-term profitability.

Groupe Dynamite Earnings Expected to Surge

Craig Patterson -
Groupe Dynamite is expected to post strong Q4 results, with rising sales, margin expansion, and continued growth momentum.

Leon’s Q4 Results Impacted by Strike, Weather

Craig Patterson -
Leon’s Q4 results missed estimates as a postal strike, snowstorms and softer demand weighed on sales and outlook.

Canadians spending intentions cool off in January but remain positive: Stifel

Mario Toneguzzi -
54% of respondents expect to increase their spending on discretionary items in the next twelve months, which is higher than the 51% average of the last 11 surveys

Aritzia Poised for Strong Q3 as Sales Momentum Accelerates

Craig Patterson -
Aritzia is expected to post a strong Q3 as sales momentum, margin expansion, and digital growth support higher earnings expectations.

Dollarama Delivers Strong Q3 Results as Valuation Tightens: Stifel

Craig Patterson -
Dollarama posted strong Q3 FY2026 results driven by Canadian same-store sales growth, margin expansion, and Dollarcity momentum, according to Stifel.

Groupe Dynamite Posts Strong Q3 as Growth Accelerates

Retail Insider -
Groupe Dynamite records exceptional Q3 results with strong sales, rising margins and continued store upgrades, marking a standout first year as a public company.

Pet Valu Stock Dip Seen as Overreaction as Growth Normalizes

Lee Rivett -
Pet Valu shares drop 14% after muted growth guidance, but Stifel says valuation is attractive with long-term trends intact.

Pet Valu Rolls Out New Store Layout Focused on Culinary Pet Food

Craig Patterson -
Pet Valu’s new store design emphasizes its growing frozen and raw food category as part of a national rollout to 120 corporate stores.

Aritzia Delivers Strong Quarter with Surging Sales and Profit

Craig Patterson -
Aritzia posts its ninth straight earnings beat, lifting revenue, profit, and guidance amid strong U.S. and Canadian growth.

Canadians’ Spending Intentions Reach Record High

Craig Patterson -
Canadians’ spending intentions hit new highs in September, led by apparel, dollar stores, and holiday shopping, Stifel survey shows.

Aritzia Growth Outlook Brightens With Higher Target

Craig Patterson -
Strong sales momentum leads Stifel to raise Aritzia’s target price, forecasting continued growth across Canada and the U.S.

Dollarama Q2 Beat Overshadowed by Costs: Stifel

Craig Patterson -
Stifel says Dollarama’s Q2FY26 revenues beat forecasts, but rising costs and taxes left investors cautious.

Leon’s Furniture Q2 Profit Up 29% as Margins, Dividend Rise

Craig Patterson -
Leon’s Furniture posts Q2 2025 sales and margin gains with a 20% dividend hike and expansion to 300 stores in Canada.

Pet Valu Shares Surge After Q2 Beat, Stifel Ups Target to $40

Craig Patterson -
Pet Valu posts strong Q2 results, Stifel raises target to $40 as sales rebound and CEO transition announced.
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