Dollarama marks significant milestone with strong second quarter results
Dollarama Inc. reported its second quarter results for this year, highlighting strong sales growth in the Canadian market and the company’s expansion overseas in two new markets. According to results released by the company today, Dollarama posted a second quarter profit of $321.5 million, up from $285.9 million a year earlier, as its sales rose 10.3%.
Comparable store sales in Canada increased by 4.9%, over and above 4.7% growth in the corresponding period of the previous year, and 27 net new stores opened in Canada, compared to 14 net new stores the same time last year.
Dollarama said it also completed its acquisition of Australian discount retailer The Reject Shop Ltd. and opened Dollarcity's first store in Mexico. As of June 30, 2025, Dollarcity had a total of 658 stores, with 384 locations in Colombia, 110 in Guatemala, 79 in El Salvador, 84 in Peru and 1 in Mexico. This compares to 632 stores as at December 31, 2024.
Reported EBITDA increased by 12.2% to $588.5 million, representing an EBITDA margin of 34.1%, compared to 33.5%.
READ: Dollarama earns $273.8M Q1 profit, up from $215.8M a year ago
"The second quarter of fiscal 2026 marked a significant milestone in our international expansion, with entries into two new markets. We completed our acquisition of Australia's largest discount retailer, and we celebrated the opening of Dollarcity's first store in Mexico," said Neil Rossy, president and CEO of Dollarama.
"Our complementary international platforms strengthen and diversify our long-term growth strategy, with our successful Canadian business serving as the foundation that fuels our broader ambitions. Strong comparable store sales growth in Canada, both in the second quarter and year to date, highlights the strength of our business model, the relevance of our value proposition for Canadian consumers and the team's impeccable execution."
