Dollarama reports $359.3M Q2 profit, up from $321.5M a year ago

Montreal - Dollarama Inc. announced a second-quarter profit of $349.3 million, an increase from $321.5 million in the same period last year. The retailer revealed that profit per diluted share reached $1.29, up from $1.16 in the previous year. Sales for the quarter totaled $2.03 billion, a rise from $1.72 billion. Comparable store sales in Canada grew by 5.4%, driven by a 3.7% increase in the number of transactions and a 1.7% rise in average transaction size.

The company anticipates 65 to 75 new store openings in Canada for the 2027 fiscal year, up from the previously expected 60 to 70. Dollarama also revised its Canadian comparable store sales forecast for the year, now projecting a range of 4.0 to 4.5%, compared to the earlier projection of 3.0 to 4.0%.