Q3 2026 Dollarama Inc Earnings Call Transcript
Key Points
- Dollarama Inc (DLMAF) reported a strong top line performance with a nearly 20% increase in EPS, demonstrating resilience in an unpredictable economic environment.
- The company achieved 6% same-store sales growth in Canada, driven by sustained demand for consumables and higher seasonal product sales.
- Dollarama Inc (DLMAF) opened 19 net new stores in Q3, bringing the total number of stores in Canada to 1,684, and is on track to meet its target of 70 to 80 net new stores for the fiscal year.
- Dollar City, the Latin American segment, delivered strong financial results and expanded its store count to 700 locations, including a successful market entry into Mexico.
- The company increased its full-year same-store sales guidance from 3-4% to 4.2-4.7%, reflecting stronger-than-expected Q3 results and a positive outlook for Q4.
- Retail price increases on domestic brand names were unavoidable due to higher supplier costs, although they did not impact Dollarama Inc (DLMAF)'s relative value.
- The Australian segment had a negative $0.03 impact on EPS, and the company does not expect it to have a positive impact on overall profitability in the near term.
- Dollarama Inc (DLMAF) anticipates a material deceleration in same-store sales in Q4 due to a calendar shift, which is expected to negatively impact sales by approximately 180 basis points.
- The company is facing pressure from domestic producers pushing for price increases, despite not seeing a proportionate increase in input costs.
- The Australian business is in a heavy investment and transition phase, with expectations of continued losses and no breakeven in the near term.
Good morning, and welcome to Dollarama's third quarter fiscal 2026 results conference call. On today's call are Neil Rossy, President and CEO; and Patrick Bui, CFO. They will begin with brief remarks followed by Q&A with financial analysts.
Before we begin, please note that today's remarks may contain forward-looking statements about Dollarama's current and future plans, expectations, intentions, results or any other future events or developments. Forward-looking statements are based on information currently available to management and on reasonable estimates and assumptions made by management.
Many factors could cause actual results, future events or developments to differ materially from those expressed or implied. You are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements represent management's expectations as at December 11, 2025, except as may be required by law. Dollarama has no intention and undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or
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