Comparable-store sales fell 7.5 percent in December, the company said in a statement.

The Montreal-based company said it had to temporarily close about 80 stores.

A major ice storm blanketed Central and Atlantic Canada during the Christmas season, leading to massive power outages in Ontario, Quebec and New Brunswick for one week. A majority of Dollarama's stores are located in these regions.

Dollarama, which operates 847 stores across Canada, said it expects January sales to trend back to normal.

(Reporting By Sneha Banerjee in Bangalore; Editing by Saumyadeb Chakrabarty)