Saturday, July 12, 2025

Latest

Canaccord Raises Dollarama Price Target Ahead of Results

Dollarama Inc (TSX: DOL) is expected to report its second quarter financial results on September 9 before the markets open. The company currently has 15 analysts covering the stock with an average 12-month price target of $61.79, or a 8% upside. The street high sits at $70 from Wells Fargo and the lowest comes in at $51. The consensus revenue estimate for the quarter sits at $1.05 billion with 8 analysts having estimates.

Ahead of the results, Canaccord Genuity raised their 12-month price target on Dollarama to $57 from $53 and reiterated their hold rating on the stock, saying that they expect early quarter restrictions to weigh on the results.

The company fiscal second quarter is for the months from April to June, which is when Ontario banned non-essential retail sales, which were later lifted in June. Shortly after that, Ontario also eased restriction and increased store capacity but Dollarama’s second quarter results will show the months Ontario was in lockdown.

Due to this, Canaccord is forecasting same-store sales being down 2% year over year, bringing the decline to 15% for the first half of the year. For their revenue estimate, they are right in line with the consensus at $1.05 billion and EBITDA of $292 million for the quarter.

Canaccord says, “The relaxation on non-essential retail likely helped shift the product mix towards the company’s higher-margin regular seasonal and discretionary offerings.” But, they believe that this will be offset by any cost inflation, specifically shipping and freight costs rising. For these reasons, they are forecasting gross margins to come in at 43.4%, down 0.5% from a year ago but up 1.1% from last quarter.

Below you can see Canaccord’s updated fiscal 2022 and 2023 estimates.


Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

Related News

BMO Reiterates Lundin Gold Following Production Beat

Lundin Gold (TSX: LUG) announced their second-quarter production results last week. The company announced that...

Monday, July 19, 2021, 04:22:00 PM

Canaccord Initiates On FuelCell Energy With $4.50 Price Target, Hold Rating

On December 9th, Canaccord Genuity initiated coverage on FuelCell Energy (NASDAQ: FCEL) with an $8.50...

Thursday, December 10, 2020, 03:39:00 PM

Cybin: Canaccord Bumps Price Target To US$7.00

Cybin Inc (NEO: CYBN) last month had a long month of news reports, the first...

Thursday, September 2, 2021, 11:16:00 AM

Cresco Labs: Canaccord Cuts Price Target On Muted Growth, Pricing Challenges

On August 17, Cresco Labs (CSE: CL) reported its second quarter financial results. The company...

Friday, August 19, 2022, 02:12:00 PM

MicroStrategy: Canaccord Initiates With $920 Price Target

On Friday, Canaccord Genuity initiated coverage on MicroStrategy (NASDAQ: MSTR) with a $920 price target...

Monday, April 12, 2021, 04:03:00 PM