07:52 AM EDT, 03/24/2026 (MT Newswires) -- Discount retail chain Dollarama ( DLMAF ) on Tuesday reported a fourth-quarter net earnings and sales beat and said it will "continue pursuing disciplined profitable growth" in its core Canadian market even after the opening of an "exceptional" 75 net new stores here in fiscal 2026 and expanding into new markets, including Mexico and Australia.

For Q4 FY2026, the company reported net earnings edged up to $392.5 million, or $1.43 per diluted share, from $391 million, or $1.40 per diluted share, in the prior year period. Analysts polled by FactSet had expected $1.41 per share.

Quarterly sales jumped 11.7% to $2.1 billion beating the $2.07 billion expected. The increase was driven by a $243 million sales contribution from 402 stores in Australia, growth in the total number of stores in Canada over the past 12 months and comparable store sales growth in Canada. Fiscal fourth quarter 2026 was comprised of 13 weeks, compared with 14 weeks for the prior year period, a statement noted.

For fiscal 2027, Dollarama ( DLMAF ) is guiding to generating comparable store sales growth in Canada of between 3.0% and 4.0%. It expects to return to 60 to 70 net new store openings in Canada, after opening an "exceptionally" high 75 net new stores in Fiscal 2026. It expects the Australian segment to incur a net loss in fiscal 2027 as it transforms the business there.

On March 24, 2026, the corporation announced that its board of directors approved a 13.4% increase of the quarterly cash dividend for holders of common shares, from $0.1058 to $0.1200 per common share. This dividend is payable on May 8, 2026 to shareholders of record at the close of business on April 17, 2026.

"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 chief executive Neil Rossy.

"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 in Australia. 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. 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."

Shares in Dollarama ( DLMAF ) gained 3.2% yesterday.