Last week, Montreal-based Canadian value retailer Dollarama Inc. reported a 21.4 percent sales increase for its first quarter that ended in early May 2026. Sales for the quarter were $1,846.1-million(Cdn) compared to $1,521.2-million(Cdn) for first quarter last year. Comparable store sales in Canada increased by 5.6 percent. In Canada, 28 net new stores were added compared to 22 in the corresponding quarter a year earlier. Dollarama ended the quarter with 1719 stores in Canada. “We delivered a strong performance in the first quarter of fiscal 2027 as we pursue profitable growth in our core Canadian market, generating strong comparable store sales growth, expanding our store network and progressing our Western Canada logistics hub project,” said President, CEO Neil Rossy. “We are also advancing our priorities across our international growth platforms with discipline. In Latin America, Dollarcity had a solid start to the year in its established markets, while continuing to execute the ramp-up in Mexico. In Australia, we also made progress, with an increasing number of stores now operating under the Dollarama layout and our first Dollarama import products beginning to gradually reach shelves.” During the quarter, the company renovated 13 stores and opened eight net new stores, bringing the total number of stores in Australia to 410 at the end of the period. Among these, 28 are now configured with Dollarama’s in‑store layout and fixtures, including renovated and new stores, but will continue to operate under the legacy banner until the product assortment reflects Dollarama’s value proposition. During its first quarter ended late March 2026, Dollarcity opened 20 net new stores, compared to twelve net new stores in the same period last year. As at March 31, 2026, Dollarcity had a total of 752 stores, with 424 locations in Colombia, 121 in Guatemala, 111 in Peru, 85 in El Salvador, and eleven in Mexico. This compares to 732 stores as of December 31, 2025. Dollarama’s previously announced plans to open 60 to 70 net new stores in Canada in fiscal 2027 remains unchanged. The Dollarama stores operate in 8000 to 15,000 square foot locations in malls, strip and power centres, lifestyle centres and street front locations in metropolitan areas, mid-sized cities and small towns all across Canada. Oberfeld Snowcap is handling the site selection in Canada.
Oberfeld Snowcap, 8300 Decarie Blvd., Suite 600, Montreal, Quebec H4P 2P5 (514/738-4330)
Dollarama Inc., 5805 Royalmount, Montreal, Quebec H4P 0A1 (514/737-1006 www.dollarama.com)