Dollarama's earnings call presented a mixed set of results with notable revenue and store expansion achievements. However, the company faces challenges with decreasing gross margins and cautious consumer spending. Plans for logistics improvements and store growth indicate a positive long-term outlook, though short-term pressures remain.

Company Guidance

During the Dollarama Q3 2025 earnings call, guidance highlighted several key metrics and strategic plans. The company reported a 6.5% year-over-year increase in earnings per share (EPS) to $0.98, with comparable store sales rising by 3.3%. Dollarama announced plans to expand its store count target in Canada to 2,200 by 2034, up from the previous goal of 2,000 by 2031, reflecting a strong belief in continued market growth. It also intends to open 60 to 70 new stores by the fiscal year-end, having already opened 50 net new stores. Logistics improvements include a new two-node system, with a Western hub planned for Balzac, Calgary, requiring a capital expenditure of $450 million, excluding land costs. This strategic move aims to enhance agility and efficiency, while maintaining the company's average new store capital payback period of about two years. Dollar City's expansion continued with the opening of 18 new stores, bringing its total to 588, and plans are underway to enter the Mexican market by 2026. Overall, Dollarama remains focused on its growth strategy and maintaining strong shareholder returns.

Revenue and EPS Growth

Dollarama reported a 5.7% increase in sales over Q3 of fiscal 2024, reaching over $1.5 billion. EPS increased by 6.5% to $0.98 per share.

Expansion of Store Network

The company opened 50 net new stores and plans to open a total of 60 to 70 net new stores by the fiscal year-end. Long-term growth plans were increased to 2,200 stores in Canada by 2034.

Logistics and Operational Improvements

Plans to develop a 2-node logistics operation were announced, with a new Western hub in Calgary aimed at improving service across Canada, targeting significant cost savings.

Dollar City Growth

Dollar City continued its expansion with 18 net new stores, bringing the total to 588 stores in Latin America.

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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
Sep 13, 2018	2019 (Q2)	- / 0.43	0.383	12.27% (+0.05)	―	―
Dec 06, 2018	2019 (Q3)	- / 0.41	0.383	7.05% (+0.03)	―	―
Mar 28, 2019	2019 (Q4)	- / 0.54	0.483	11.80% (+0.06)	―	―
Jun 13, 2019	2020 (Q1)	- / 0.33	0.307	7.49% (+0.02)	―	―
Sep 12, 2019	2020 (Q2)	- / 0.45	0.43	4.65% (+0.02)	―	―
Dec 04, 2019	2020 (Q3)	- / 0.44	0.41	7.32% (+0.03)	―	―
Apr 01, 2020	2020 (Q4)	- / 0.57	0.54	5.56% (+0.03)	―	―
Jun 10, 2020	2021 (Q1)	- / 0.28	0.33	-15.15% (-0.05)	―	―
Sep 02, 2020	2021 (Q2)	- / 0.46	0.45	2.22% (+0.01)	―	―
Dec 09, 2020	2021 (Q3)	- / 0.52	0.44	18.18% (+0.08)	―	―

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.

Beat

Missed

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TSE:DOL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Dec 04, 2024	C$148.07	C$140.47	-5.14%
Sep 11, 2024	C$125.11	C$135.35	+8.18%
Jun 12, 2024	C$125.42	C$120.29	-4.09%
Apr 04, 2024	C$100.07	C$110.05	+9.97%

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.

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