Dollarama reports strong fourth-quarter profit and increased sales
Dollarama Inc. announced its fourth-quarter and year-end financial results for fiscal year ended February 2, 2025.
For the fourth-quarter, Dollarama reported sales increased by 14.8% to $1,881.3 million, compared to $1,639.2 million during the same period last year, with comparable store sales having increased by 4.9%, over and above 8.7% growth comparted to same quarter last year.
For the full fiscal year, the company reported that sales increased by 9.3% to $6,413.1 million, compared to $5,867.3 million last year, with comparable store sales having increased by 4.6%, over and above 12.8% growth in the corresponding period of the previous year
"Through Fiscal 2025 and in a weakening economic environment, Dollarama was there for Canadians by delivering compelling year-round value across our broad assortment of everyday goods and convenience through our growing national store network. This enabled us to meet or exceed our annual guidance on all metrics," said Neil Rossy, president and CEO of Dollarama in a written statement accompanying the release of the results.
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"In the last year, we have made excellent progress advancing our growth prospects in Canada and in Latin America and furthering our international expansion with the proposed acquisition of The Reject Shop in Australia, reflecting our conviction in the relevance of our business model across demographics and geographies. As we enter Fiscal 2026, we are confident in our ability to execute on our growth plans, and to leverage our sourcing and merchandising strengths to deliver the best relative value for our customers while continuing to generate profitable growth for our shareholders," he continued Rossy.
Dollarama believes that while consumer behaviour and the path of the economy remain hard to predict, “the corporation believes that consumers will continue to respond positively to the affordability of its products, the convenience and proximity of its national store network, and its commitment to offering compelling value across its broad assortment of consumables, seasonal items and general merchandise.”
Even with concerns over economic uncertainty, Dollarama says the 17.4% cumulative increase in comparable stores sales over the last two fiscal years, and assuming continued cautious discretionary spending by consumers, it “anticipates generating comparable store sales growth of between 3.0% and 4.0% in Fiscal 2026, supported by its strong product sourcing and merchandising expertise and the regular refresh of its assortment.”
