Q4 2026 Dollarama Inc Earnings Call Transcript
Key Points
- Dollarama Inc (DLMAF) met or exceeded its financial guidance on all metrics for fiscal 2026.
- Same-store sales in Canada grew by 4.2% for the year, with strong earnings growth and a 14% increase in EPS year-over-year.
- The company successfully expanded internationally, entering the Mexican market and acquiring a national discount chain in Australia.
- Dollarama Inc (DLMAF) opened 75 net new stores in Canada during fiscal 2026, reaching a total of 1,691 stores.
- Dollar City, a subsidiary, showed strong growth with 100 net new stores opened in 2025, and a 47% increase in net earnings share for Dollarama Inc (DLMAF).
- Unfavorable weather conditions in Canada negatively impacted store traffic and sales during the fourth quarter.
- The Australian segment is expected to generate a net loss in fiscal 2027 due to transformation costs and integration expenses.
- The conflict in the Middle East is causing ripple effects on transportation and production costs, potentially impacting margins.
- Dollar City in Mexico is still in ramp-up mode, resulting in a net loss, with expectations of continued losses in fiscal 2027.
- The transition of merchandise in Australia is complex and may lead to a negative impact on sales during the transformation period.
Good morning, and welcome to the Dollarama's fourth quarter and fiscal year 2026, results conference call. On today's call is Neil Rossy, President and CEO and Patrick Bui, CFO. They will begin with brief remarks followed by a 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. We are cautioned not to place undue reliance on these forward-looking statements.
Forward-looking statements represent management's expectations as at March 24, 2026. 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
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