Dollarama (DOL) Releases Q3 2026 Earnings: Revenue and Operating Profit Rise but EPS Falls, Cash Drops

Dollarama Inc. (DOL) — Q3 2026 Results

Revenue rose to $1.36 billion, an increase of 21.15% year-over-year.

Gross profit totaled $610.6 million, up 21.44% YoY, while cost of sales was $751.7 million, up 20.92% YoY, implying a gross margin of roughly 44.8%.

Operating profit improved to $343.3 million, up 25.41% YoY, producing an operating margin near 25.2%.

Net income attributable to common shareholders was $229.5 million, up 15.65% YoY, but diluted earnings per share declined to $0.83, down 15.31% YoY.

Cash from operations increased to $310.1 million (+16.34% YoY). Purchases of property, plant and equipment were $40.9 million, up 25.51% YoY, reflecting higher capital spending.

Cash and cash equivalents stood at $146.6 million, down 28.01% YoY, while total liabilities rose to $4.35 billion, up 16.79% YoY.

Overall, Dollarama (DOL) delivered solid top-line and profit growth with stronger operating performance, but reported a decline in diluted earnings per share and a notable drop in cash on hand, alongside higher liabilities and increased investment in property and equipment.

Dollarama Inc. Hedge Fund Activity

We have seen 50 institutional investors add shares of Dollarama Inc. stock to their portfolio, and 35 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

MORGAN STANLEY added 118,450 shares (+13.6%) to their portfolio in Q3 2025, for an estimated $7,374,057
FLOW TRADERS U.S. LLC removed 112,611 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $7,010,552
OSAIC HOLDINGS, INC. added 55,927 shares (+176.9%) to their portfolio in Q3 2025, for an estimated $3,481,713
JANE STREET GROUP, LLC removed 47,168 shares (-48.3%) from their portfolio in Q3 2025, for an estimated $2,936,424
KESTRA ADVISORY SERVICES, LLC added 34,042 shares (+64.2%) to their portfolio in Q3 2025, for an estimated $2,119,271
FIRST HEARTLAND CONSULTANTS, INC. added 29,850 shares (+48.2%) to their portfolio in Q3 2025, for an estimated $1,858,299
WELLS FARGO & COMPANY/MN added 21,699 shares (+65.7%) to their portfolio in Q3 2025, for an estimated $1,350,862

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Dollarama Inc. Analyst Ratings

Wall Street analysts have issued reports on $DOL in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Scotiabank issued a "Sector Outperform" rating on 08/28/2025
RBC Capital issued a "Outperform" rating on 08/26/2025

To track analyst ratings and price targets for Dollarama Inc., check out Quiver Quantitative's $DOL forecast page.

Dollarama Inc. Price Targets

Multiple analysts have issued price targets for $DOL recently. We have seen 2 analysts offer price targets for $DOL in the last 6 months, with a median target of $208.5.

Here are some recent targets:

John Zamparo from Scotiabank set a target price of $205.0 on 08/28/2025
Irene Nattel from RBC Capital set a target price of $212.0 on 08/26/2025