Dollarama Inc.

sales were up by 22.2 per cent to $1.9 billion in the third quarter ended Nov. 2 and net earnings increased 16.6 per cent to $321.7 million, prompting the company to raise its forecast for fiscal 2026.

The discount retailer released its third-quarter financial results on Thursday and updated its 2026 guidance, last issued in April, to reflect its year-to-date performance and what it anticipates will be “continued positive customer response” in the fourth quarter.

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Comparable store sales in Canada were up six per cent, compared to 3.3 per cent in the previous year.

Earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 20.1 per cent to $612 million, compared to $509.7 million last year.

Operating income was up 18 per cent to $481.2 million.

Diluted net earnings per common share rose 19.4 per cent to $1.17, compared to $0.98 a year ago.

The company increased its 2026 guidance for comparable store sales to between 4.2 per cent and 4.7 per cent, from the previously announced range of three per cent to four per cent.

It expects gross margin for the year to be in the range of 45 per cent to 45.5 per cent, up from the previous guidance of 44.2 per cent to 45.2 per cent.

More to come …

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