Discount retailer Dollarama increased its Canadian store network by 75 net new locations in fiscal 2026, bringing its total to 1,691 outlets nationwide.

The growth in Canada was driven by continued customer demand and expansion across the country.

“We have met or exceeded our guidance for Fiscal 2026 on all metrics, despite unfavourable weather conditions in the fourth quarter which negatively impacted store traffic during peak sales periods. Looking at the full year, our compelling year-round value continued to resonate with Canadians, as we also reached new customers through the opening of an exceptional 75 net new stores,” said Neil Rossy, president and CEO of the retailer.

“Fiscal 2026 was also a milestone year for our international expansion, with Dollarcity entering its fifth market of operation in Mexico and our acquisition of a national discount retail chain [The Reject Shop] in Australia.” 

In Australia, the company ended the year with 402 stores after opening seven net new locations and renovating four existing outlets. Newly opened and updated stores have begun adopting Dollarama’s layout and fixtures, although they continue to operate under the legacy banner while product assortments are aligned with the company’s value offering, said the Momtreal-based company. The Australian segment weighed on overall margins and is expected to post a net loss in fiscal 2027 as transformation efforts continue.

Dollarama’s international platform also includes its equity investment in Dollarcity, which expanded to 732 stores across Latin America, including the new market entry in Mexico.

Looking ahead, the company said it will maintain a consistent capital-allocation strategy in fiscal 2027, with most excess cash directed toward share repurchases and dividends.

“In Fiscal 2027, we will continue pursuing disciplined profitable growth in our core Canadian market, while executing on our priorities across our complementary growth platforms,” Rossy said. “As we advance these plans, our aim is to deliver unbeatable value to customers in every market in which we operate and unlock long-term value for our shareholders.”

Photo:  Iryna Tolmachova / Shutterstock.com