07:30 AM EDT, 06/11/2025 (MT Newswires) -- Dollarama ( DLMAF ) on Wednesday said its fiscal first-quarter net income and revenue increased.

Net earnings jumped 27% to $273.8 million, or $0.98 per diluted share, from $215.8 million, or $0.77 per diluted share, in the prior year period. Excluding the impact of unrealized gain from the derivative on equity-accounted investment, diluted net earnings per share would have been $0.95.

Sales climbed 8.2% to $1.52 billion over the same period, beating a consensus analyst estimate of $1.5 billion, according to FactSet. Dollarama ( DLMAF ) said the increase was driven by growth in the total number of stores over the past 12 months (from 1,569 to 1,638) and a 4.9% rise in comparable store sales growth.

For its fiscal 2026 outlook, Dollarama ( DLMAF ) is guiding to 70 to 80 net new store openings.

Dollarama ( DLMAF ) confirmed that its acquisition of The Reject Shop in Australia is on track to close by the end of next month. It also said that the first Dollarcity stores in Mexico are set to open "imminently."