The discount retailer reported third-quarter profit of $321.7 million, up 16.6 per cent from the same period last year, leading the company to raise its Canadian same-store sales guidance to between 4.2 per cent and 4.7 per cent, up from 3 to 4 per cent in June. (The Logic)

Talking point: The retailer cited strong sales, which climbed 22.2 per cent year-over-year to $1.91 billion, driven by the addition of 401 stores in Australia and 83 new stores in Canada. As Canadian shoppers tighten their belts, many have turned to Dollarama for affordable goods and seasonal merchandise. Comparable store sales—which reflect growth not tied to new store openings—rose 6 per cent, outperforming the 3.3 per cent increase reported in its fiscal third quarter. “In an economic environment that has remained unpredictable, our business model continues to demonstrate its enduring relevance and resilience,” said CEO Neil Rossy in the earning report.

Sponsored Content

The real-world economic offshoots of sovereign AI

By Deborah Aarts

Increasing healthcare access across Canada

By Deborah Aarts

What it takes to lead a frontier firm

By Deborah Aarts

Paid promotional content