Dollarama stock advances on steady growth and margin gains

Dollarama stock combines a 10.2% sales increase in fiscal 2025 with a 15.9% rise in adjusted EPS and a 7.8% comparable sales gain in Q4.

Dollarama Inc. (CA25675T1075) pairs a 10.2% rise in fiscal 2025 net sales to CAD 5.8 billion with a 15.9% increase in adjusted diluted EPS and a 7.8% comparable store sales gain in Q4. The company also ended fiscal 2025 with 1,624 stores across Canada, a scale point that still matters for Dollarama stock.

Fiscal 2025 numbers

For fiscal 2025, Dollarama reported net earnings of CAD 958.7 million, up from CAD 831.1 million a year earlier, while adjusted diluted EPS rose to CAD 3.39 from CAD 2.93. The jump in earnings came alongside sales growth and continued store expansion, with the network rising to 1,624 locations at year-end.

Comparable store sales increased 7.8% in the fourth quarter of fiscal 2025, supported by higher transaction size and traffic. That combination is more relevant than a simple revenue print because it points to both basket growth and sustained customer demand.

Margin still matters

Gross margin reached 44.9% in fiscal 2025, compared with 44.7% in fiscal 2024, while operating income increased to CAD 1.5 billion from CAD 1.3 billion. Those figures show how Dollarama kept profitability moving even as the chain added stores and expanded sales.

The store count also rose from 1,498 locations in fiscal 2024 to 1,624 in fiscal 2025, a net increase of 126 stores. For a discount retailer, that pace of expansion is part of the earnings story, not just the growth story.

Orderly product mix

Dollarama’s core mix remains centered on everyday consumables, seasonal items and general merchandise, with the Canadian chain using its private-label and direct-sourcing model to protect pricing discipline. That model helps explain why a gross margin close to 45% remains such an important metric for the company.

For investors reading the latest fiscal set, the key comparison is simple: sales rose 10.2%, adjusted EPS rose 15.9%, and comparable store sales rose 7.8% in Q4. That is the kind of combination the market tends to reward when it is backed by continued store growth and stable margins.

Stock near its range

As of 22 July 2026, Dollarama stock on the Toronto Stock Exchange is trading around CAD 173.00, leaving it near the upper end of its 52-week range of CAD 126.00 to CAD 181.00. The market capitalization stands near CAD 48.0 billion as of the same date, underscoring how investors continue to value the chain’s earnings resilience.

Dollarama at a glance

• Company: Dollarama Inc.
• ISIN: CA25675T1075
• Ticker: TSX: DOL
• Trading venue: Toronto Stock Exchange
• Price (as of 22 July 2026, 14:00 UTC): CAD 173.00
• Market capitalization: CAD 48.0 billion (as of 22 July 2026)
• Sector / Industry: Consumer Staples / Discount Retail
• Index membership: S&P/TSX 60