BUZZ-Street View: Dollarama's raised outlook boosts investor confidence

Reuters12-13 02:48
BUZZ-Street View: Dollarama's raised outlook boosts investor confidence

** Dollarama DOL.TO raised its annual sales forecast on Thursday, helped by demand for affordable goods among price-sensitive shoppers

** At least 9 brokerages raised PT, median PT of 16 brokerages is $218 — data compiled by LSEG

RESILIENT DEMAND FOR CONSUMABLES AND SEASONAL GOODS

** Scotiabank ("sector outperform," PT: C$220) expects 2026 to feature an environment with modest consumer spending growth and shoppers laser-focused on value

** National Bank of Canada ("outperform," PT: C$226) positive on DOL’s shares reflecting stable and high return on capital, international growth and resilient sales performance

** Stifel ("hold," PT: C$200) says Dollarama saw a good growth in seasonal items due to a favorable calendar shift, as the Halloween period had four extra days during the quarter vs last year

** TD Cowen ("buy," PT: C$235) believes co's Dollarcity Inversiones Comerciales Mexicanas is poised to expand at an accelerated pace

** Jefferies ("buy," PT: C$235) says co's Australia segment is expected to remain a margin drag near term, but management sees potential for significant scale and profitability post 2027

(Reporting by Koyena Das from Bengaluru)

((Koyena.das@thomsonreuters.com))

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