Dollarama Raises Guidance on Canadian Sales Amid International Expansion and Australian…

Dollarama reported strong second-quarter results, with consolidated sales rising 17.6% year over year to more than C$2 billion. The company raised its fiscal 2027 outlook for Canadian same-store sales to between 4% and 4.5% and increased its store-opening target to 65–75 net new locations. The company is also expanding into Mexico, where its Central and South America operations reached 760 stores, despite facing expected losses in that market. Concurrently, Dollarama is advancing renovations and merchandising transformations of its Australian business.

The company attributes its Canadian sales strength to consumers increasingly turning to low-cost products due to inflationary pressures. This performance allows Dollarama to drive profitable growth in Canada while pursuing international expansion into Mexico. The company is also managing the strategic pivots of its Australian operations.

Dollarama is pursuing profitable international expansion, including adding Australian business to its portfolio while maintaining its current store count.