The company now projects comparable store sales growth between 4% and 4.5%, an upward revision from its previous forecast of 3% to 4%. This optimism is backed by a 5.4% increase in domestic comparable sales, fueled by a 3.7% rise in transaction volume and a 1.7% boost in the average spend per customer. To meet this heightened demand, Dollarama has raised its annual store opening target to between 65 and 75 locations.

Financial performance for the quarter ended Aug. 2 mirrored this momentum, with revenue climbing 17.6% to 2.03 billion Canadian dollars. Earnings before interest, taxes, depreciation and amortization reached 653 million Canadian dollars, comfortably beating the 639.8 million forecast by analysts. Beyond domestic operations, the company’s international footprint is yielding results: the Australian segment contributed 184.8 million Canadian dollars following the acquisition of The Reject Shop, while the Latin American Dollarcity chain saw sales jump 30%, supported by a footprint that now spans 781 stores.