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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.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.
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