Profit MarginsGross margin forecast for the second half of fiscal 2025 has been reduced, indicating a year-over-year compression.
Sales PerformanceBasket growth remains negative for a fourth consecutive quarter, which is longer than originally assumed, considering historical steady annual basket growth.
ValuationAnalyst notes that Dollarama's valuation has increased materially to 21 times F2026E EBITDA compared to the last four-year range of 15–18 times.