Dollarama raises annual Canadian sales forecast on strong consumer demand

Dollarama Inc. increased its annual comparable sales growth forecast for Canada on Wednesday, as consumers facing mounting inflationary pressures increasingly turn to its low-cost everyday products. The discount retailer now expects annual comparable sales in Canada to grow between 4% and 4.5%, compared with its previous forecast of a 3% to 4% rise. The company reported a third-quarter profit of $321.7 million, up from $275.8 million in the same quarter last year. Sales for the third quarter of Dollarama’s 2026 financial year totalled $1.91 billion, up from $1.56 billion in the same quarter last year. Comparable-store sales in Canada for the third quarter increased 6.0 per cent, including a 4.1 per cent increase in the number of transactions and a 1.9 per cent increase in average transaction size. Dollarama now expects Canadian gross margins between 45.0 per cent and 45.5 per cent, up from between 44.2 per cent and 45.2 per cent. Chief executive Neil Rossy said the company’s consumables category continued to perform in the third quarter, as customers focus on value and essentials due to an uncertain macro backdrop.