8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 1, 2008

Dollarama Group Holdings L.P.

Dollarama Group L.P.

(Exact name of registrants as specified in their charters)

Quebec, Canada	333-143444 and 333-134550	Not Applicable
(State or other jurisdiction of incorporation or organization)	Commission File Numbers:	(I.R.S. Employer Identification No.)

5805 Royalmount Avenue

Montreal, Quebec H4P 0A1

(Address of Principal Executive Offices, Zip Code)

Registrants’ telephone number, including area code (514) 737-1006

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrants under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under Exchange Act (17 CFR 240-14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240-14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

		Page
Item 7.01.	Regulation FD Disclosure	3
Item 9.01.	Financial Statements and Exhibits	3
SIGNATURE		4
Exhibit Index		5

Item 7.01. Regulation FD Disclosure

On April 24, 2008 and May 1, 2008, the Partnerships issued press releases, copies of which are furnished herewith as Exhibits 99.1 and 99.2, respectively, and are incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

99.1	Press Release of Dollarama Group Holdings L.P. and Dollarama Group L.P. dated April 24, 2008
99.2	Press Release of Dollarama Group Holdings L.P. and Dollarama Group L.P. dated May 1, 2008

*****

3

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

DOLLARAMA GROUP HOLDINGS L.P.
DOLLARAMA GROUP L.P.
By:	Dollarama Group GP Inc., its general partner
By:	/s/ Robert Coallier
	Name:	Robert Coallier
	Title:	Chief Financial Officer

Date: May 1, 2008

4

EXHIBIT INDEX

99.1	Press Release of Dollarama Group Holdings L.P. and Dollarama Group L.P. dated April 24, 2008
99.2	Press Release of Dollarama Group Holdings L.P. and Dollarama Group L.P. dated May 1, 2008

5

EX-99.1

Exhibit 99.1

Press Release

Dollarama Group L.P. to Report

Fourth Quarter and Fiscal Year 2008 Results

MONTREAL, (April 24, 2008) – Dollarama Group L.P., the leading operator of dollar discount stores in Canada, will report its financial results for the fourth quarter and fiscal year ended February 3, 2008 on Thursday, May 1, 2008.

Dollarama Group L.P.’s Chief Executive Officer, Mr. Larry Rossy, will hold a conference call for investors on Friday, May 2, 2008 at 3:00 p.m. EDT to discuss the company’s results. To participate in the call, please dial (514) 868-1042 or (866) 862-3897.

This conference call will be recorded and available for replay beginning two hours after the end of the call and will be available through Friday, May 9, 2009. To access the replay, please dial (514) 861-2272 or (800) 408-3053, then the access number 3259471#.

###

About Dollarama Group L.P.

Dollarama is the leading operator of dollar discount stores in Canada. Currently, the company operates more than 520 stores, each offering a broad assortment of quality everyday merchandise sold in individual or multiple units primarily at a fixed price of $1.00. All stores are company-operated, and nearly all are located in high traffic areas such as strip malls and shopping centers in various locations, including metropolitan areas, mid-sized cities, and small towns. In 1910, the company was established as a single variety store in Québec.

For information:

Robert Coallier

Chief Financial Officer

(514) 737-1006 x1238

robert.coallier@dollarama.com

Alex Stanton

Stanton Crenshaw Communications

(212)780-1900

alex@stantoncrenshaw.com

EX-99.2

Exhibit 99.2

Press Release

Dollarama Group Holdings L.P. and Dollarama Group L.P. Announce Fourth Quarter and Fiscal Year 2008 Results

MONTREAL, (May 1, 2008) – Dollarama Group Holdings L.P. and Dollarama Group L.P., today announced financial results for the fourth quarter and fiscal year ended February 3, 2008. The results of operations of Dollarama Group Holdings L.P. are almost identical to those of Dollarama Group L.P., with the exception of mainly interest expense, financing costs and foreign exchange gain or loss associated with Dollarama Group Holdings L.P.’s outstanding balance of senior floating rate deferred interest notes. Note: All dollar amounts in this press release are in Canadian dollars unless otherwise indicated.

On February 1, 2007, Dollarama changed its fiscal year end from January 31, 2007 to February 4, 2007 for fiscal year 2007, and to a floating year ending on the Sunday closest to January 31 for all subsequent fiscal years. Dollarama decided to change the year end date of its fiscal year 2007 to February 4, 2007 even though it is not the Sunday closest to January 31 because traditionally, every 5 to 6 years, a week is added to the retail calendar. The week ended February 4, 2007 is therefore equivalent to the 53rd week in Dollarama’s retail calendar. Dollarama’s fiscal year 2008 began on February 5, 2007 and ended February 3, 2008. There are five fewer days of transactions included in the fourth quarter and fiscal year ended February 3, 2008, as compared with the same fiscal periods last year.

To enhance comparability, Dollarama has also revised the method it uses to determine the stores that are included in its comparable store sales calculation. Beginning with the fourth quarter of fiscal year 2008, the company will now provide comparable store sales figures for the stores that have been open at least 13 complete fiscal months, and that remain open at the end of the period. Previously, the comparable store sales calculation included stores that met the above criteria and were open for the entire previous year comparable period.

FINANCIAL RESULTS

Fourth Quarter Results

Dollarama reported that sales increased $5.2 million, or 1.9%, to $281.4 million for the 13-week period ended February 3, 2008, up from $276.2 million for the three-month period ended February 4, 2007. Sales growth was driven primarily by 61 new store openings during fiscal year 2008 and by the incremental full 13-week effect of the stores opened during the fourth quarter of last year. Offsetting the sales increase was a 3.4% decline in comparable store sales (3.5% under the previous methodology) and five day less of transactions during the period. These two factors accounted for a sales decrease of approximately $9.0 million and $13.0 million, respectively.

Net earnings of Dollarama Group Holdings L.P. for the fourth quarter of fiscal year 2008 decreased $18.3 million, to $10.8 million, from $29.1 million last year. Net earnings of Dollarama Group L.P. for the fourth quarter of fiscal year 2008 decreased $11.2 million, to $27.7 million, from $38.9 million last year.

Adjusted EBITDA (as defined in the attached tables) decreased 19.9%, to $44.8 million for the 13-week period ended February 3, 2008 from $55.9 million for the three-month period ended February 4, 2007.

Fiscal Year 2008 Results

For the fiscal year ended February 3, 2008, Dollarama reported that sales increased $84.6 million, or 9.5%, to $972.4 million, an increase over sales of $887.8 million for the fiscal year ended February 4, 2007. Sales growth was driven primarily by the opening of 61 new stores during the fiscal year 2008, and the incremental full year effect of the 68 stores opened last year. Offsetting the sales increase was a 1.5% decline in comparable store sales and five less days of transactions during the period for a combined sales decrease of approximately $23.1 million.

Net earnings of Dollarama Group Holdings L.P. for the fiscal year 2008 increased $17.1 million, to $88.9 million, from $71.8 million last year. Net earnings of Dollarama Group L.P. for the fiscal year 2008 decreased $4.9 million, to $76.8 million, from $81.7 million last year.

Adjusted EBITDA (as defined in the attached table) increased 0.1%, to $152.1 million for the fiscal year 2008, up from $151.9 million last year.

Five less days of transactions during the fiscal year 2008 resulted in a sizeable impact on both the company’s sales and profitability results when compared to last year. At the end of fiscal year 2007, the company also recorded non-recurring positive adjustments related to reversal of excess inventory provisions taken during the year, once again impacting Dollarama’s fourth quarter performance when compared to last year. Unusual weather conditions in Central and Eastern Canada as well as a worst than expected Christmas season, negatively impacted its sales growth and profitability. Those factors contributed to Dollarama’s slower sales growth and a decrease in Adjusted EBITDA compared to the fourth quarter of fiscal 2007.

“The fourth quarter was marked by extraordinary weather conditions and a difficult holiday season. However, we believe we are focused on the right strategic and operational initiatives to drive Dollarama’s future growth,” said Larry Rossy, Chief Executive Officer of Dollarama. “During fiscal 2009, we plan to leverage our existing store base and infrastructure to drive operating performance as well as enhance our marketing and promotional activities to improve the customer experience. By the end of the second quarter we will complete the deployment of our debit technology, which we believe will continue to have a positive effect on sales.”

###

ABOUT DOLLARAMA

Dollarama is the leading operator of dollar discount stores in Canada. Currently, the company operates more than 521 stores in 10 provinces, each offering a broad assortment of quality everyday merchandise sold in individual or multiple units primarily at a fixed price of $1.00. All stores are company-operated, and nearly all are located in high traffic areas such as strip malls and shopping centers in various locations, including metropolitan areas, mid-sized cities, and small towns. In 1910, the company was established as a single variety store in Québec.

Safe Harbor for Forward-Looking and Cautionary Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. As such, final results could differ from estimates or expectations due to risks and uncertainties, including among others, changes in customer demand for products, changes in raw material and equipment costs and availability, seasonal changes in customer demand, pricing actions by competitors and general changes in economic conditions; and other risks. For any of these factors, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, as amended.

SUMMARY CONSOLIDATED FINANCIAL DATA

	Dollarama Group Holdings L.P.
(dollars in thousands)	13-Week Period Ended February 3, 2008			Three-Month Period Ended February 4, 2007			Year Ended February 3, 2008			Year Ended February 4, 2007
Statement of Operations Data:
Sales	$	281,367		$	276,226		$	972,352		$	887,786
Cost of sales		182,772			171,811			640,885			585,013
Gross profit		98,595			104,415			331,467			302,773
Expenses:
General administrative and store operating expenses		55,259			50,536			186,265			157,918
Amortization(1)		5,463			4,279			18,389			13,528
Total expenses		60,720			54,815			204,654			171,446
Operating income		37,873			49,600			126,813			131,327
Other (income)/expense:
Amortization of financing costs		1,270			1,304			6,340			4,354
Interest expense		15,754			15,161			65,713			50,498
Foreign exchange loss (gain) on derivative financial instruments and long-term debt		10,027			4,954			(34,411	)		4,275
Earnings before income taxes		10,882			28,181			89,171			72,200
Income taxes		12			(899	)		302			365
Net earnings	$	10,810		$	29,080		$	88,869		$	71,835
Statement of Cash Flows Data:
Cash flows provided by (used in):
Operating activities	$	47,378		$	33,692		$	57,258		$	94,387
Investing activities		(11,469	)		(10,083	)		(45,562	)		(42,517	)
Financing activities		(11,524	)		(2,773	)		(33,185	)		(35,050	)
Other Financial Data:
Adjusted EBITDA(2)	$	44,795		$	55,907		$	152,073		$	151,904
Capital expenditures	$	11,671		$	10,107		$	45,994		$	42,695
Rent expenses(3)	$	15,677		$	14,628		$	58,765		$	50,701
Gross margin(4)		35.0	%		37.8	%		34.1	%		34.1	%
Number of stores (at end of period)		521			463			521			463
Comparable store sales growth(5)		(3.4	)%		1.3	%		(1.5	)%		2.8	%

	Dollarama Group L.P.
(dollars in thousands)	13-Week Period Ended February 3, 2008			Three-Month Period Ended February 4, 2007			Year Ended February 3, 2008			Year Ended February 4, 2007
Statement of Operations Data:
Sales	$	281,367		$	276,226		$	972,352		$	887,786
Cost of sales		182,772			171,811			640,885			585,013
Gross profit		98,595			104,415			331,467			302,773
Expenses:
General administrative and store operating expenses		55,257			50,531			186,263			157,913
Amortization(1)		5,463			4,279			18,389			13,528
Total expenses		60,720			54,810			204,652			171,441
Operating income		37,875			49,605			126,815			131,332
Other (income)/expense:
Amortization of financing costs		1,040			1,026			4,275			4,076
Interest expense		10,560			11,855			43,299			47,192
Foreign exchange loss (gain) on derivative financial instruments and long-term debt		(1,432	)		(1,293	)		2,183			(1,972	)
Earnings before income taxes		27,707			38,017			77,058			82,036
Income taxes		13			(906	)		280			358
Net earnings	$	27,694		$	38,923		$	76,778		$	81,678
Statement of Cash Flows Data:
Cash flows provided by (used in):
Operating activities	$	57,737		$	33,804		$	79,109		$	94,499
Investing activities		(11,469	)		(10,083	)		(45,562	)		(42,517	)
Financing activities		(21,897	)		(2,893	)		(55,042	)		(35,170	)
Other Financial Data:
Adjusted EBITDA(2)	$	44,797		$	55,912		$	152,075		$	151,909
Capital expenditures	$	11,671		$	10,107		$	45,994		$	42,695
Rent expenses(3)	$	15,677		$	14,628		$	58,765		$	50,701
Gross margin(4)		35.0	%		37.8	%		34.1	%		34.1	%
Number of stores (at end of period)		521			463			521			463
Comparable store sales growth(5)		(3.4	)%		1.3	%		(1.5	)%		2.8	%

	Dollarama Group Holdings L.P.				Dollarama Group L.P.
(dollars in thousands)	As of February 3, 2008		As of February 4, 2007		As of February 3, 2008		As of February 4, 2007
Balance Sheet Data:
Cash and cash equivalents	$	26,214	$	47,703	$	26,200	$	47,695
Merchandise inventories		198,500		166,017		198,500		166,017
Property and equipment		111,936		84,665		111,936		84,665
Total assets		1,197,983		1,169,187		1,197,951		1,169,174
Long-term debt		653,006		806,921		474,553		578,066
Partners’ capital		331,161		259,231		513,150		491,284

(1) Amortization represents amortization of tangible and amortizable intangible assets, including amortization of favourable and unfavourable lease rights.

(2) EBITDA represents net income (loss) before net interest expense, income taxes, and depreciation and amortization expense. Adjusted EBITDA represents EBITDA as further adjusted to reflect items set forth in the table below, all of which are required in determining our compliance with financial covenants under our senior secured credit facility. We have included EBITDA and Adjusted EBITDA to provide investors with a supplemental measure of our operating performance and information about the calculation of some of the financial covenants that are contained in the senior secured credit facility. We believe EBITDA is an important supplemental measure of operating performance because it eliminates items that have less bearing on our operating performance and thus highlights trends in our core business that may not otherwise be apparent when relying solely on Canadian GAAP financial measures. We also believe that securities analysts, investors and other interested parties frequently use EBITDA in the evaluation of issuers, many of which present EBITDA when reporting their results. Adjusted EBITDA is a material component of the covenants imposed on us by the senior secured credit facility. Under the senior secured credit facility, we are subject to financial covenant ratios that are calculated by reference to Adjusted EBITDA. Non-compliance with the financial covenants contained in our senior secured credit facility could result in a default, an acceleration in the repayment of amounts outstanding under the senior secured credit facility, and a termination of the lending commitments under the senior secured credit facility. Generally, any default under the senior secured credit facility that results in the acceleration in the repayment of amounts outstanding under the senior secured credit facility would result in a default under the indentures governing the 8.875% senior subordinated notes and the senior floating rate deferred interest notes. While an event of default under the senior secured credit facility or the indentures is continuing, we would be precluded from, among other things, paying dividends on our capital stock or borrowing under the revolving credit facility. Our management also uses EBITDA and Adjusted EBITDA in order to facilitate operating performance comparisons from period to period, prepare annual operating budgets and assess our ability to meet our future debt service, capital expenditure and working capital requirements and our ability to pay dividends on our capital stock.

EBITDA and Adjusted EBITDA are not presentations made in accordance with Canadian GAAP. As discussed above, we believe that the presentation of EBITDA and Adjusted EBITDA in this summary consolidated financial data section is appropriate. However, EBITDA and Adjusted EBITDA have important limitations as analytical tools, and you should not consider them in isolation, or as substitutes for analysis of our results as reported under Canadian GAAP. For example, neither EBITDA nor Adjusted EBITDA reflect (a) our cash expenditures, or future requirements for capital expenditures or contractual commitments; (b) changes in, or cash requirements for, our working capital

needs; (c) the significant interest expense, or the cash requirements necessary to service interest or principal payments, on our debt; and (d) tax payments or distributions to our parent to make payments with respect to taxes attributable to us that represent a reduction in cash available to us. Because of these limitations, we primarily rely on our results as reported in accordance with Canadian GAAP and use EBITDA and Adjusted EBITDA only supplementally. In addition, because other companies may calculate EBITDA and Adjusted EBITDA differently than we do, EBITDA may not be, and Adjusted EBITDA as presented in this summary consolidated financial data section is not, comparable to similarly titled measures reported by other companies.

A reconciliation of net earnings to EBITDA and to Adjusted EBITDA is included below:

	Dollarama Group Holdings L.P.
(dollars in thousands)	13-Week Period Ended February 3, 2008		Three-Month Period Ended February 4, 2007			Year Ended February 3, 2008			Year Ended February 4, 2007
Net earnings	$	10,810	$	29,080		$	88,869		$	71,835
Income taxes		12		(899	)		302			365
Interest expense		15,754		15,161			65,713			50,498
Amortization of financing costs		1,270		1,304			6,340			4,354
Amortization of fixed tangible and intangible assets		5,463		4,279			18,389			13,528
EBITDA		33,309		48,925			179,613			140,580
Foreign exchange loss (gain) on derivative financial instruments and long-term debt		10,027		4,954			(34,411	)		4,275
Management fees(a)		872		857			3,247			3,194
Deferred lease inducements(b)		354		1,097			2,312			3,318
Stock-based compensation expense(c)		233		74			1,312			537
Adjusted EBITDA	$	44,795	$	55,907		$	152,073		$	151,904

	Dollarama Group L.P.
(dollars in thousands)	13-Week Period Ended February 3, 2008			Three Month Period Ended February 4, 2007			Year Ended February 3, 2008		Year Ended February 4, 2007
Net earnings	$	27,694		$	38,923		$	76,778	$	81,678
Income taxes		13			(906	)		280		358
Interest expense		10,560			11,855			43,299		47,192
Amortization of financing costs		1,040			1,026			4,275		4,076
Amortization of fixed tangible and intangible assets		5,463			4,279			18,389		13,528
EBITDA		44,770			55,177			143,021		146,832
Foreign exchange loss (gain) on derivative financial instruments and long-term debt		(1,432	)		(1,293	)		2,183		(1,972	)
Management fees(a)		872			857			3,247		3,194
Deferred lease inducements(b)		354			1,097			2,312		3,318
Stock-based compensation expense(c)		233			74			1,312		537
Adjusted EBITDA	$	44,797		$	55,912		$	152,075	$	151,909

(a) Reflects the management fees incurred and paid or payable to the company’s majority owners.

(b) Represents the elimination of non-cash straight-line rent expense.

(c) Represents the elimination of non-cash stock-based compensation expense.

(3) Rent expense represents (i) basic rent expense on a straight-line basis and (ii) contingent rent expense, net of amortization of inducements received from landlords.

(4) Gross margin represents gross profit as a percentage of sales.

(5) Comparable store sales is a measure of the percentage increase or decrease of the sales of stores open for at least 13 complete months and that remain open at the end of the reporting period relative to the same period in the prior year. We include sales from stores expanded or relocated in the calculation of comparable store sales. To provide more meaningful results, the company measures comparable store sales over periods containing an integral number of weeks beginning on a Monday and ending on a Sunday that best approximate the fiscal period to be analyzed.

CONTACTS

Investors:

Robert Coallier, Chief Financial Officer

(514) 737-1006 x1238

Media:

Alex Stanton

Stanton Crenshaw Communications

(212) 780-0701

alex@stantoncrenshaw.com