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Dollarama (DOL) investor relations material

Dollarama Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary11 Dec, 2025

Executive summary

  • Achieved strong top-line growth with Q3 sales up 22.2% to $1,909.4 million and LTM revenues reaching $7.0B, driven by robust same-store sales and network expansion in Canada, Latin America, and new Australian operations.

  • Net earnings rose 16.6% to $321.7 million, with diluted EPS up 19.4% to $1.17, and LTM EBITDA of $2.4B.

  • Expanded to 2,769 retail locations across seven countries, including recent entries into Mexico and Australia, with 19 net new stores in Canada, 25 in Latin America, and 6 in Australia in Q3.

  • Maintained resilience and relevance amid economic uncertainty, with value-focused consumers driving healthy store traffic and demand for consumables and seasonal products.

  • Clear strategy to grow Canadian footprint, scale Dollarcity in LATAM, and accelerate growth in Australia.

Financial highlights

  • Q3 FY2026 sales reached $1,909M, up 22.2% year-over-year; Canadian same-store sales up 6% (4.1% transaction growth, 1.9% basket size increase).

  • EBITDA increased 20.1% to $612 million; EBITDA margin at 32.1%; LTM EBITDA margin at 33.6%.

  • Net earnings for Q3 FY2026 were $321.7 million, up 16.6% year-over-year; diluted EPS rose 19.4% to $1.17.

  • Gross margin for the Canadian segment improved to 45.8% (from 44.7% last year), consolidated gross margin at 44.8%.

  • Dollarcity equity contribution rose 56.5% to $42.4 million, with LTM net earnings of $179.1M and 21.1% sales increase.

Outlook and guidance

  • Raised full-year Canadian same-store sales guidance to 4.2%-4.7% and gross margin guidance to 45%-45.5%.

  • Expects material deceleration in Q4 SSS due to calendar shift, not consumer weakness; historical impact estimated at 180 basis points.

  • Targeting 2,200 Canadian stores by 2034, 1,050 Dollarcity stores in LATAM by 2031 (excluding Mexico), and 700 stores in Australia by 2034.

  • CapEx guidance for fiscal 2026 lowered to $240-$285 million, reflecting timing shifts for logistics hub expenses.

  • No positive near-term profitability expected from the Australian segment due to ongoing transformation investments.

Detail Australia's Q3 profitability drag
Dollarcity Mexico expansion pace and scale
Western logistics hub timing impact on capex
Australia's expected profitability impact in FY27
Mexico expansion capital allocation strategy
Canadian gross margin drivers and sustainability
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Frequently asked questions

Dollarama Inc. operates a chain of dollar stores in Canada. It offers consumer products, general merchandise, and seasonal items, as well as food and beverages, candy, pet supplies, and hardware; party supplies and stationery items; housewares, cleaning supplies, and health and beauty products; toys and sporting goods products; books and magazines; gift bags, greeting cards and wrap paper; disposable dinnerware products; kitchen utensils and tableware; glassware and home décor products; laundry basket liners and trash bags; incandescent light bulbs; women’s, men’s , baby’s , children’s apparel & accessories; stationary bikes, treadmills & other exercise equipment. As of January 1, 2017 the company operated 1,070 stores in operation across Canada.

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