The Globe and Mail reports in its Friday edition that National Bank's Vishal Shreedhar has reiterated his "outperform" ranking for Dollarama. The Globe's David Leeder writes that Mr. Shreedhar gave his share target an $11 boost to $214. Analysts on average target the shares at $217.79. Mr. Shreedhar expects Dollarama to show strong earnings per share growth in its third quarter fiscal 2026 results on Dec. 11, noting progress in international growth, especially in Latin America. Mr. Shreedhar says in a note: "We model solid Q3/F26 same-store sales growth, reflecting, among other factors, a benefit from a calendar shift (Q3/F25 was negatively impacted by a Halloween shift to Q4 last year), good Statistics Canada retail spending data (until September, 2025) and our checks suggesting sssg trends remain resilient. Our expectation for EBITDA margin contraction largely reflects acquisition contribution (Australia is lower margin). NBCM models Australia EBITDA contribution of $27-million (13.7-per-cent EBITDA margin vs. 31.1 per cent for Canada) in Q3/F26. The Mexico expansion is progressing; our review indicates there are currently at least seven Dollarcity stores in Mexico and that reception to date has been favourable."
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