The discount retailer’s sales grew 10.3 per cent in the quarter that ended on Aug. 3, as the number of transactions in existing Canadian stores rose 3.9 per cent. Still, chief financial officer Patrick Bui said on an earnings call that “the Canadian consumer remains fragile and cautious on discretionary spending in the context of continued economic uncertainty.” (The Logic)

Talking point: Shares fell about four per cent after Bui’s warning. The company has been in expansion mode, opening a store in Mexico and acquiring Australia’s largest discount chain, The Reject Shop, for $233 million. Dollarama saw its net earnings rise 12.4 per cent during the quarter. Closer to home, though, Canadian shoppers have been inconsistent. They’re turning to dollar stores to save money on “consumables” like paper products, cosmetics and food, but they haven’t been adding extra seasonal decorations and summer toys to their carts, executives said.