Dollarama reports strong profit increase in third-quarter financial results
Popular discount retailer Dollarama Inc. reported a third-quarter profit of $321.7 million, up from $275.8 million in the same quarter last year in its fiscal results for third quarter ended November 2, 2025.
According to its fiscal results released to the public, the company said its Sales for the third quarter of the company’s 2026 financial year totalled $1.91 billion, up from $1.56 billion in the same quarter last year, boosted, it said, by the addition of 401 stores in Australia and growth in the number of stores in Canada.
“Comparable store sales in Canada for the third quarter of fiscal 2026 increased by 6.0%, consisting of a 4.1% increase in the number of transactions and a 1.9% increase in average transaction size, over and above comparable store sales growth in Canada of 3.3% for the third quarter of fiscal 2025,” Dollarama wrote in a statement accompanying the quarterly fiscal reporting.
“The increase was primarily driven by sustained demand for consumables and higher sales of seasonal products including four additional Halloween shopping days, compared to the same period last year. . .Gross margin was 44.8% of sales in the third quarter of fiscal 2026, compared to 44.7% of sales in the third quarter of fiscal 2025. Gross margin as a percentage of sales was higher primarily as a result of a favourable sales mix, with higher sales of seasonal products and lower logistics costs in Canada, offset by a 100‑basis point impact from a lower gross margin in Australia.”
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For the Canadian market, Dollarama said that it continues to see positive customer response to its product offerings and in-store merchandise offerings and will continue to see active management of product margins, including through pricing strategies and product refresh, and of inventory shrinkage.
"In an economic environment that has remained unpredictable, our business model continues to demonstrate its enduring relevance and resilience, driving strong 6.0% Comparable store sales growth in Canada for the quarter," said Neil Rossy, president and CEO of Dollarama.
"Internationally, we also continued to advance our growth plans and the rollout of the Dollarama model. Dollarcity delivered another quarter of strong financial and footprint growth, opening their 700th store in Latin America and fifth location in Mexico after quarter-end. In Australia, we have begun laying the groundwork for The Reject Shop's transformation as we prepare the platform for the deployment of our value proposition in the coming years.”
With files from The Canadian Press.
