The earnings call presents a positive outlook with significant international expansion and strong revenue growth. However, there are challenges with flat seasonal sales and higher costs associated with the new Australian operations. The company's core Canadian business remains strong and continues to expand.

Company Guidance

During Dollarama's Second Quarter Fiscal 2026 Results Conference Call, the company provided several key metrics and strategic updates. Dollarama reported a 10.3% increase in sales compared to the same period last year, reaching over $1.7 billion, driven by a 4.9% increase in same-store sales in Canada and contributions from new store openings. The gross margin for the quarter was 45.5%, slightly up from 45.2% the previous year, primarily due to lower logistics costs. The company opened 27 net new stores in Q2, bringing the total to 1,665 locations in Canada, with a target of 70 to 80 net new store openings by year-end. Dollarama's international expansion included the opening of the first Dollarcity store in Mexico and the acquisition of Australia's largest discount retailer, The Reject Shop (TRS). The TRS acquisition includes 395 locations, with a long-term target of 700 stores in Australia by 2034. The company plans to gradually integrate Dollarama products and store layouts into TRS, with full conversion expected by the end of fiscal 2027. Dollarama's Canadian segment continues to show strong performance, and the company remains focused on providing value to consumers amid economic uncertainties.

International Expansion Achievements

Dollarama opened Dollarcity's first store in Mexico and completed the acquisition of Australia's largest discount retailer, adding 5,000 new colleagues.

Strong Same-Store Sales Growth in Canada

Same-store sales in Canada grew by 4.9%, driven by a 3.9% increase in the number of transactions and a 0.9% increase in average transaction size.

Revenue and Earnings Growth

Sales increased by 10.3% to over $1.7 billion, and net earnings increased by 12.5% to $321.5 million, with diluted EPS rising by 13.7% to $1.16.

Gross Margin Improvement

Consolidated Q2 gross margin was 45.5%, up from 45.2% last year, primarily due to lower logistics costs.

Canadian Store Expansion

Opened 27 net new stores in Q2, bringing the total number to 1,665 locations in Canada, with a target of 70 to 80 net new store openings for the fiscal year.

Dollarama (TSE:DOL) Earnings, Revenues Date & History

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TSE:DOL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Dec 03, 2025	2026 (Q3)	1.10 / -	0.98	―	―	―
Aug 27, 2025	2026 (Q2)	1.16 / 1.16	1.02	13.73% (+0.14)
Jun 11, 2025	2026 (Q1)	0.83 / 0.98	0.77	27.27% (+0.21)
Apr 03, 2025	2025 (Q4)	1.31 / 1.40	1.15	21.74% (+0.25)
Dec 04, 2024	2025 (Q3)	0.98 / 0.98	0.92	6.52% (+0.06)
Sep 11, 2024	2025 (Q2)	0.97 / 1.02	0.86	18.60% (+0.16)
Jun 12, 2024	2025 (Q1)	0.74 / 0.77	0.63	22.22% (+0.14)
Apr 04, 2024	2024 (Q4)	1.05 / 1.15	0.91	26.37% (+0.24)
Dec 13, 2023	2024 (Q3)	0.86 / 0.92	0.7	31.43% (+0.22)
Sep 13, 2023	2024 (Q2)	0.77 / 0.86	0.66	30.30% (+0.20)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

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Missed

TSE:DOL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 27, 2025	C$192.07	C$185.07	-3.64%
Jun 11, 2025	C$175.66	C$192.88	+9.80%
Apr 03, 2025	C$159.15	C$159.76	+0.38%
Dec 04, 2024	C$147.90	C$140.30	-5.14%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.