Dollarama has increased its fiscal 2027 (FY27) guidance for comparable store sales and net new store openings in Canada after posting higher second-quarter (Q2) sales and earnings.
For the period ended 2 August 2026, the Canadian retailer reported sales of C$2.02bn ($1.44bn), up 17.6% from a year earlier.
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The company said the rise reflected a full quarter of operations in Australia, compared with a 13-day post-acquisition period in the same quarter last year, alongside growth in Dollarama’s Canadian store network and comparable store sales.
The FY26 Q2 comparison includes the financial results of The Reject Shop Limited, now Dollarama Australia, from 22 July to 3 August 2025, after Dollarama completed the acquisition. This is referred to as the “post-acquisition period”. By comparison, the fiscal 2027 second-quarter results include a full quarter of operations in Australia.
Comparable store sales in Canada rose 5.4%, comprising a 3.7% increase in transactions and a 1.7% rise in average transaction size.
Dollarama said growth was primarily driven by demand for consumables and general merchandise.
Operating income increased 7% to C$517.3m while net earnings climbed 8.7% to C$349.3m.
During the quarter, Dollarama opened 15 net new stores in Canada, taking its total in the country to 1,734 as of 2 August 2026, compared with 1,665 a year earlier.
In Australia, the retailer added four net new stores and renovated 25 locations in the quarter.
Its Australian estate reached 414 stores, including 60 locations operating with Dollarama’s layout and fixtures.
Dollarama also recorded a C$49.9m share of net earnings from Dollarcity, its Latin American retail chain division, for the period from 1 April to 30 June 2026.
Dollarcity opened 29 net new stores in its second quarter, bringing its network to 781 locations across Colombia, Guatemala, Peru, El Salvador and Mexico.
For FY27, Dollarama raised its guidance for Canadian comparable store sales to 4%-4.5%, from 3%-4% previously.
It also increased its guidance for net new Canadian store openings to 65-75, up from 60-70.
Dollarama said it continues to expect a net loss from the Australian business in FY27 as it carries out transformation initiatives and investments.
Dollarama president and CEO Neil Rossy said: “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.”
