Business
PesoRama Reports 2026 Q3 Financial Results
Total sales increased by 15.9% in the nine months ended October 31, 2025 compared to 2024 &#x...
About this update from Pesorama Inc
[{"type":"text","content":"PesoRama Reports 2026 Q3 Financial ResultsTotal sales increased by 15.9% in the nine months ended October 31, 2025 compared to 2024 (i)Product gross margins increased in the nine months ended October 31, 2025 by 1.4% to 46.1% compared to 2024Same store sales increased by 5.9% in the nine months ended October 31, 2025 compared to 2024 (i)Average ticket increased by 15.8% in in the nine months ended October 31, 2025 compared to 2024Closed $6.8 million in oversubscribed equity financingSubsequent to quarter-end, completed a $5.0 million equity financingToronto, Ontario--(Newsfile Corp. - December 17, 2025) - PesoRama Inc. (TSXV: PESO) (\"PesoRama\" or the \"Company\"), a Canadian company operating dollar stores in Mexico under the JOi Dollar Plus Stores brand, today announced its financial results for the three and nine months ended October 31, 2025 (\"Q3 Fiscal 2026\"). All financial figures are in Canadian dollars unless otherwise noted.\"As the only true dollar store company in Mexico, we continue to innovate and expand our value proposition,\" said Rahim Bhaloo, Founder, CEO, and Chairman of the Board of PesoRama. \"Our Q3 results demonstrate the resilience of our business model and continued demand for our offering, despite ongoing currency headwinds. Average ticket increased by 15.8% and same-store sales grew by 5.9%, supporting a 15.9% increase in total sales in the nine months ended October 31, 2025 compared to 2024. These results reflect the success of our merchandising strategy and expanded product assortment, which are driving customer loyalty as we grow our footprint in an underserved market. Subsequent to quarter-end, the completion of a $5.0 million equity financing further strengthens our balance sheet and enhances our ability to execute our growth strategy and deliver long-term value for shareholders.\"Key Highlights: Three months 2026 Q3 vs 2025 Q3Total sales increased by 23.6% to $6,699,728. In local currency (MXN), sales increased by approximately 16.9% quarter-over-quarter, reflecting continued organic growth and new store openings.Gross profit remained consistent at $2,563,177, compared to $2,272,159 in Q3 2025, primarily driven by the increase in sales.Product gross margins increased by 0.8% from $2,456,325 or 45.3% to $3,089,314 or 46.1% due to a decrease in the per unit cost of inventory.Closed $6.8 mil...