Simon Belanger

But eventually when they get that model turned over...

It should have some pretty big potential.

And if you're an owner of this company, you're looking to own it.

I wouldn't expect any like nothing more than losses from those two segments right now, but also kind of understand the company is definitely playing the long game here.

So there is risk to large integrations like this, but it does if it pays off and is executed well, it's there's a lot of tailwinds in those areas.

Guidance remains unchanged, 3% to 4% same-store sales growth, 60% to 70% new stores, gross margins of 45% in Canada, capital expenditures 420% to 479%.

Yeah.

Yeah.

This was their Q4, I believe.

So this would be their fiscal 2027, I believe.

So that would be the guidance for 2027.

Few comments on the call.

I don't know how.

They expect the Middle East conflict to be over soon and for oil to stabilize.

I'm not really sure how Dollarama management has a good grasp.

grasp on that but yeah i know they were pretty confident in it so they said cost will not be an issue and then they mentioned that there is some pressure on product sourcing from china and that the australia rollout is taking some time in terms of completed stores because they never roll out a re-bannering of a store until it fits the identical dollarama model so it's gonna you know they're being renovated once the once they're renovated the layout is good the product assortment is good then they'll finally turn that banner over but

Yeah, big rebound.

It got down to, I believe, the 165 range after they reported, and now it's back to 190-ish.

So, yeah, it's a very good quarter.

Yeah, I couldn't really, like I looked into this and I could not find a reason for it to fall 36%.