Earnings call transcript: Dollarama tops Q2 2026 estimates as stock rises 3.5%

Dollarama, the Canadian discount retailer, surpassed expectations with its fiscal second-quarter results, reporting earnings of $1.29 per share on revenue of $2.03 billion. This beat estimates by $0.04 in profit and $10 million in sales, lifting the stock 3.5% in premarket trading to $171.30. Same-store sales in Canada grew 5.4% due to increased traffic and larger baskets, while the company raised its outlook for Canadian same-store sales and net new store openings.

Dollarama's international operations, particularly in Australia, continued to be a drag on earnings. Still, the retailer's performance demonstrated the enduring demand for low-priced essentials and its commitment to international growth.