Dollarama Raises Fiscal 2027 Guidance Following Strong Second-Quarter Performance
Dollarama has raised its fiscal year 2027 guidance for comparable store sales and new store openings in Canada after reporting strong second-quarter results. For the period ending August 2, 2026, the company recorded C$2.02 billion in revenue—a 17.6% increase from a year ago—driven by full quarter operations in Australia following its acquisition of The Reject Shop Limited and growth in Canada. Comparable store sales in Canada rose 5.4%, with an uptick in both transactions and average transaction size, fueled primarily by demand for consumables and general merchandise. Operating income increased to C$517.3 million while net earnings climbed to C$349.3 million during the quarter. Dollarama also expanded its store network, opening 15 new stores in Canada and four in Australia, where it is still expected to post a net loss for FY27 due to ongoing transformation efforts.
Topics: guidance_update retail sales_growth