Q4 2025 Dollarama Inc Earnings Call Transcript
Key Points
- Dollarama Inc (DLMAF) reported a strong same-store sales growth of 4.9% in Q4, contributing to a full-year growth of 4.6%.
- The company opened 15 net new stores in Q4, totaling 65 new stores for the year, and plans to open 70 to 80 net new stores in fiscal 2026.
- Dollarcity, a subsidiary, opened 100 net new stores in 2024, and is self-funding its growth while generating excess cash for shareholders.
- Dollarama Inc (DLMAF) completed the acquisition of land for a new logistics center in Calgary, enhancing its logistics operations.
- The company announced a 15% increase in its quarterly cash dividend, reflecting strong financial performance and shareholder returns.
- Dollarama Inc (DLMAF) faces headwinds from retaliatory tariffs on consumable goods imported from the US, impacting gross margins.
- The company anticipates a loss of USD10 million to USD20 million in Mexico for fiscal 2026 due to market entry and ramp-up costs.
- Higher labor and store operating costs, including increased recycling costs, are expected to pressure SG&A expenses.
- The economic outlook remains uncertain, with low consumer confidence potentially impacting discretionary spending.
- Dollarama Inc (DLMAF) expects gross margin pressures in fiscal 2026 due to a weaker Canadian dollar and higher shipping rates.
All participants, please stand by. Your meeting is about to begin. Good morning, and welcome to the Dollarama Fourth Quarter Fiscal 2025 Results Conference Call. Neil Rossy, President and CEO; and Patrick Bui, CFO, will make a short presentation, followed by a question-and-answer period open exclusively to financial analysts. The press release, financial statements and management's discussion and analysis are available at dollarama.com in the Investor Relations section as well as on SEDAR+.
Before we start, I have been asked by Dollarama to read the following message regarding forward-looking statements. Dollarama's remarks today may contain forward-looking statements about its current and future plans, expectations and intentions, results, levels of activity, performance, goals or achievements and any other future events or developments. Forward-looking statements are based on information currently available to management and on estimates and assumptions made based on factors that management believes are appropriate and reasonable in the circumstances.
However, there can be no assurance
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