Canada: Dollarama sales surpass CA$7 billion in its fiscal year
- DRC Discount Retail Consulting GmbH
- 2 days ago
- 3 min read
Discount Variety Retail Chain Dollarama Inc. reported its financial results for the fourth quarter and fiscal year ended February 1, 2026 with annual sales surpassing $7 billion.
“We have met or exceeded our guidance for Fiscal 2026 on all metrics, despite unfavourable weather conditions in the fourth quarter which negatively impacted store traffic during peak sales periods. Looking at the full year, our compelling year-round value continued to resonate with Canadians, as we also reached new customers through the opening of an exceptional 75 net new stores,” said Neil Rossy, President and CEO.
“Fiscal 2026 was also a milestone year for our international expansion, with Dollarcity entering its fifth market of operation in Mexico and our acquisition of a national discount retail chain in Australia. In Fiscal 2027, we will continue pursuing disciplined profitable growth in our core Canadian market, while executing on our priorities across our complementary growth platforms. As we advance these plans, our aim is to deliver unbeatable value to customers in every market in which we operate and unlock long-term value for our shareholders.”
Fiscal 2026 Fourth Quarter Results Highlights Compared to Fiscal 2025 Fourth Quarter(13 weeks compared to 14 weeks)
Sales increased by 11.7% to $2,101.3 million, compared to $1,881.3 million
In Canada, Comparable store sales, determined on a 13-week basis, increased by 1.5% (or 3.5% excluding the impact of the calendar shift), compared to 4.9% growth in the fourth quarter of the previous year
EBITDA increased by 6.2% to $711.5 million, representing an EBITDA margin of 33.9%, compared to 35.6%
Operating income increased by 4.7% to $584.4 million, representing an operating margin of 27.8%, compared to 29.7%
Net earnings increased by 0.4% to $392.5 million, resulting in a 2.1% increase in diluted net earnings per common share to $1.43, compared to $1.40
7 net new stores opened in Canada, compared to 15 in the corresponding period of the previous year, and 1 net new store opened in Australia under the “The Reject Shop” banner
888,309 common shares repurchased for cancellation for $174.8 million
Fiscal 2026 Results Highlights Compared to Fiscal 2025 (52 weeks compared to 53 weeks)
Sales increased by 13.1% to $7,255.8 million, compared to $6,413.1 million
In Canada, Comparable store sales, determined on a 52-week basis, increased by 4.2%, compared to 4.6% growth in the previous year
EBITDA increased by 13.5% to $2,408.2 million, representing an EBITDA margin of 33.2%, compared to 33.1%
Operating income increased by 13.3% to $1,937.9 million, representing an operating margin of 26.7%, unchanged from Fiscal 2025
Net earnings increased by 12.1% to $1,309.4 million, resulting in a 13.7% increase in diluted net earnings per common share to $4.73, compared to $4.16
Unrealized gain of $10.4 million recorded in the first quarter of Fiscal 2026 relating to the derivative on equity‑accounted investments, positively impacting EBITDA margin by 20 basis points and diluted net earnings per common share by $0.03
75 net new stores opened in Canada, compared to 65 in the corresponding period of the previous year, and 7 net new stores opened in Australia under the TRS banner since closing of the TRS Transaction
4,426,267 common shares repurchased for cancellation for $834.2 million
Founded in 1992 and headquartered in Montréal, Quebec, Canada, Dollarama is a leading Canadian value retailer with international reach with more than 2,800 stores and over 43,000 employees. Dollarama operates more than 1,700 stores in Canada. In Australia, Dollarama operates the country’s largest discount retail chain, The Reject Shop, with a national network of over 400 stores. Dollarama is also the majority shareholder, through its equity-accounted investments, in Latin American value retailer Dollarcity which has more than 700 stores located in Colombia, El Salvador, Guatemala, Mexico and Peru.
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