Overview

• Dollarama’s first-quarter net profit increased 27% to $273.8 million, or 98 cents per diluted share, surpassing analysts’ 84 cent forecast
• Sales grew 8.2% to $1.52 billion on a 4.9% gain in comparable-store sales driven by strong demand for consumables and seasonal offerings
• The retailer added 22 new Canadian locations in Q1 for a total of 1,638 stores and maintains a target of 70–80 openings this year
• Its acquisition of The Reject Shop is slated to close in July and is expected to support growth toward roughly 700 international outlets by 2034
• Dollarama plans to invest $500 million in a new Calgary distribution hub by 2027 to bolster logistics capacity and future expansion