By Adriano Marchese
Dollarama intends to renew its share repurchase program to buy back up to 5% of its issued and outstanding common shares over the course of a one-year period.
The Canadian dollar-store operator on Friday said that the Toronto Stock Exchange has approved its normal course issuer bid to buy back up to 13.5 million shares for cancellation.
Shares have been under pressure so far in 2026, falling 9.1% to close on Thursday at 186.57 Canadian dollars ($131.54). The stock is also down about 2.2% over the last 52 weeks.
At Thursday's closing price, the value of the shares intended for buyback would be worth about C$2.52 billion.
Dollarama can begin buying back shares starting on July 7.
Write to Adriano Marchese at adriano.marchese@wsj.com