Dollarama earns $273.8M Q1 profit, up from $215.8M a year ago
Dollarama Inc. reported a first-quarter profit of $273.8 million, up from $215.8 million a year earlier, as its sales rose 8.2%.
The retailer says its profit amounted to 98 cents per diluted share for the 13-week period ended May 4, up from 77 cents per diluted share a year earlier. Excluding an unrealized gain from a derivative on equity-accounted investment, Dollarama says it would have earned 95 cents per diluted share in its most recent quarter.
Sales for the quarter totalled $1.52 billion, up from $1.41 billion in the same quarter last year.
The increase came as comparable store sales for the quarter increased by 4.9%, including a 3.7% increase in the number of transactions and a 1.2% increase in average transaction size.
Dollarama says the growth was primarily driven by strong demand for consumables, while also benefiting from its seasonal offerings.
At the end of this quarter, Dollarama also reported that it had opened 22 new stores. The company currently has 1,638 locations across Canada. Dollarama last year announced plans to operate some 2,200 locations by 2034.
READ: Dollarama buys land for Calgary warehouse, targets 2,200 Canadian stores by 2034
"We are off to a strong start to fiscal 2026 as we successfully pursue our Canadian growth, with comparable store sales supported by sustained consumables demand and positive seasonal offering performance. Dollarcity also continued to deliver value and advance its expansion plans, with the first stores in Mexico slated to open imminently," said Neil Rossy, president and CEO of Dollarama. "With The Reject Shop shareholders set to vote later this month, our acquisition of Australia's largest discount retailer remains on track and is expected to close by the end of July. We're excited to begin this new chapter of growth, while staying focused on our core Canadian business and Dollarcity partnership.”
During its first quarter, ended March 31, 2025, Dollarcity opened 12 new stores, compared to 15 new stores in the same period last year. As of March 31, 2025, Dollarcity had a total of 644 stores, with 377 locations in Colombia, 109 in Guatemala, 77 in El Salvador and 81 in Peru. This compares to 632 stores as of December 31, 2024.
With additional reporting from Convenience Store News Canada.
